Ann: hummgroup 2021 investor strategy day presentation, page-24

Just to be clear, I assume I am correct is surmising from todays presentation that based on provided valuation model they seemed to be suggesting for the HummGroup an enterprise value of $1,146.2m circa a $2.20 share price
.................... as opposed to current $451m (with $65m in the bank).

Assuming it can be read to infer that the value of business segments equals;
1/ Established Business = $67m x 8.8 avg = 589.6m
2/ Growth Business = $121m x 4.6 avg = $556.6m

Would seem to be a pretty fair assessment.

I also do not share Daicosisgod's concern that CashNPAT after another 3yrs+ at $100m is underwhelming considering what is ahead driving a growth business that will ultimately outstrip the profitable side. Remembering that we need both to create the future.
I reach that opinion by balancing out how big the company should be by that time, the investments they would have made and the reach they would have in providing a resilient structure worth a hell of a lot more using these same metrics.
Yes it could all come to nought (and I am possibly dreaming) but they could also do a hell of a lot better if a few things fall their way.
For now I viewed the presentation as very open with my only unanswered questions about latest delayed UK 3000 pound timing and any more detail on Canada going live.
The fact that the share price has gone backwards so far today is disappointing if not par for the course. Clearly they as Snr Mgt and the Board are very frustrated by the company share value by saying so forthrightly "BUY" in this presentation. Let us hope this is not a one off and the Nos 1 KPI for the new CFO with institutions and sophisticated investors.