The place to look beyond the noise is operating cash flow. In this case it is awful, and assets over liabilities in cash is only $12m $3m NPAT before what they call an abnormal is not a business that should be valued at $1 billion , more pain to come in my view.
Business where price discounting is your driver have been very cyclical with no MOAT to protect the oncoming competition.
I could see this stock back to $5 if the half year does not improve and what they call abnormal such as FX losses re appear in future accounts.
Strange past FX gains were not abnormal
Ann: Kogan.com FY21 Results Presentation, page-85
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Last
$4.88 |
Change
-0.010(0.20%) |
Mkt cap ! $487.6M | |||
| Open | High | Low | Value | Volume |
| $4.89 | $4.95 | $4.85 | $751.5K | 153.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 392 | $4.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.88 | 1020 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| KGN (ASX) Chart |