Its very hard to argue that $580m is the correct valuation here.
Online segments growing at 100% and 45%, profitably.
EBIT (no JK) for 1H21 should be about 53m. But that also includes store closures in Melbourne for 3 months
Add 2H, and another $3.5m in savings from DC changes, rent expense falling, and you're very close to $100m EBIT on a debt free balance sheet.
Virtually no interest, 30% tax = $70m PAT(I didn't amount for mocka earn out increase, but that's a one off)6-7* EBIT feels very wrong. So does 10 times earnings...
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Last
$2.07 |
Change
0.020(0.98%) |
Mkt cap ! $365.8M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.09 | $2.05 | $657.0K | 316.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6543 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 20274 | 4 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| ADH (ASX) Chart |