"Even though it has risen quite a lot the share price is low by historical standards. If the company can increase (well, at this point, re-create) a profit from the huge annual revenue base the company will do very well."
@Dazaau,
Your last sentence is the nub of the issue.
You only need to convert a thin slither of all that Revenue into Profit and you have a lot of Profit in the context of the $200m market value of the company.
This company happily generated $30m in EBIT at one stage of its life (and on an asset base roughly half of what it is today):
Even if management didn't get EBIT all the way back to the glory days of $30m-plus, but to $23m pa to $25m pa, that would leave the stock trading on a mere 8.0x to 9x EV/EBIT, which are not overly demanding multiples despite the doubling of the share price over the past few months, to a two-year high.
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$3.12 |
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Open | High | Low | Value | Volume |
$3.10 | $3.20 | $3.08 | $274.0K | 87.75K |
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1 | 2499 | 3.120 |
1 | 200 | 3.110 |
4 | 14920 | 3.060 |
2 | 465 | 3.050 |
2 | 3360 | 3.040 |
Price($) | Vol. | No. |
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3.200 | 28 | 1 |
3.220 | 3000 | 1 |
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