On a headline view;
- The business has tipped into EBITDA, NPAT and Free-cash flow negativity based on the December result. Perhaps if you strip out some of the listing costs then it may be close to break-even.
- This still implies regression in terms of financial performance which was to be expected as the management flagged they are chasing growth in the prospectus.
However, where is the growth and return on invested capital (ROIC)?
Australian sales grew at 10% on PCP.
UK sales gew at 3% on PCP.
Keep in mind that Step One only began to enter the UK market in 2020.
Overall revenue growth was 12%. Not a strong result in my opinion, given that the company is investing large amounts of capital into its marketing and advertising.
At this point in time it wouldn't surprise me if the company's ROIIC is a really a negative number.
I mentioned in my previous report that I'd be *more* interested in shares at $1.00. That was before I saw these financials now. I'd I can't name a price i'd want to pay.
To those that hold the stock; I must ask what level of growth you were expecting.
The company remains adequately capitalised in the near-term.
- Forums
- ASX - By Stock
- STP
- Ann: 1H22 Results Presentation
Ann: 1H22 Results Presentation, page-3
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.61 |
Change
-0.095(5.59%) |
Mkt cap ! $297.4M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.57 | $790.6K | 486.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1507 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.61 | 2413 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1507 | 1.570 |
1 | 1507 | 1.565 |
2 | 8107 | 1.560 |
1 | 1507 | 1.555 |
2 | 2581 | 1.550 |
Price($) | Vol. | No. |
---|---|---|
1.605 | 2413 | 1 |
1.610 | 4999 | 1 |
1.615 | 2380 | 4 |
1.620 | 1507 | 1 |
1.625 | 1507 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
LGP
Record revenue of $10.2 million as European demand drives 40% quarterly growth, with $1 million in operating cash inflow and $0.5 million in cost savings forecast
BM8
Learn of the ASX-listed company that is well-placed to respond to the future global energy demand
STP (ASX) Chart |