DRA 1.07% $1.85 dra global limited

Ann: 2021 Half Year Results Presentation, page-2

  1. 16,571 Posts.
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    Anyone want to buy a company  generating over $70m of EBITDA and over $50m of EBIT for an Enterprise Value of $50m ($205m Market Cap backed by $155m of Net Cash)?

    So, an EV/EBITDA of 0.7x and EV/EBI Tof 1.0x.

    Of course, there are these not-so-small contingent matters (~$350m worth) to contemplate:


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    dra litigatio2.JPG

    But hey, these are probably ambit claims (which, from experience, always settle at lower levels), so even if the company has to write cheques for as much as half of the aggregate amounts of those claims, it would still be trading on undemanding EV/EBITDA of 3.1x and EV/EBIT of 4.3x


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    Last edited by madamswer: 19/08/21
 
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