This is getting silly - but market does what market does...
Here is how I see it at these prices when taking a conservative and mitigating approach to valuation.
Some food for thought/debate anyway...
Cash vs. MAK Hypothetical
MAK 2008 non-producer
Fully/D M'Cap = $128,000,000
Cash in Bank 2008-2011
(9%pa * $128,000,000) * 3 = $34,560,000
27% ROI
MAK 2008 to 2011 production
1.5MT pa production
$200 p/ton Phosphate
$300,000,000 revenues
$200,000,000 costs (OPEX + CAPEX Debt payments )
$100,000,000 Margin
$80,000,000 Profit ( minus Royalties )
--------------------------------------------
$56,000,000 Free Cash Flow ( minus TAX )
$28,000,000 Distribution (50% Cash Flow)
21%pa Dividend (Of $128,000,000)
$800,000,000 Fully/D M'Cap (PE 8, SP $7.20)
-------------------------------------------
2008-2011 ROI
$7.20 / $1.15 = 6.26 (626%)
626% / 3yrs = 208% YoY
-------------------------------------------
Summary 2008-2011
Cash Return On Capital
(9%pa * $128,000,000) * 3 = $34,560,000
9% YoY Return
27% Total ROI
MAK Share price and Dividend
SP $7.20
PE 8
EPS 50c
Div 25c (3.5%)
MAK Return On Capital
208% YoY Return (3yrs)
626% Total ROI
21% YoY Dividend (Starting 2011)
- Forums
- ASX - By Stock
- AEV
- hypothetical economics
hypothetical economics
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $9.396M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $214 | 47.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 22022406 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1370722 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 22022406 | 0.004 |
16 | 8490252 | 0.003 |
4 | 3175000 | 0.002 |
7 | 10749950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1370722 | 3 |
0.006 | 7125368 | 13 |
0.007 | 3887938 | 6 |
0.008 | 4852760 | 7 |
0.009 | 351000 | 1 |
Last trade - 10.16am 17/07/2024 (20 minute delay) ? |
Featured News
AEV (ASX) Chart |