I don't hold RPM, but noticed in a newsletter I read there was a mention this week - thought I'd share: https://www.insufficientcapital.com/insufficient-capital-june-update-2-2/
"We estimate that the business will generate around $3.1m of NPAT in FY22 and $5.5m+ of NPAT in FY2023. At a market capitalisation of $50m, the business is currently valued at circa 16x FY22 PE / 9x FY23 PE. Taking the middle of guidance, RPM trades at 5.9x EV/EBITDA – however, we care far more about cash flows than EBITDA for a business like RPM.
"
...
"In saying that, we are not macro strategists but mere stock pickers. Considering the operational expertise of RPM’s founders, the company’s strong balance sheet (net cash of $3.8m) and compelling valuation, as well as its long growth runway, we are happy to join Clive on his three-year plan for $150m+ of group revenue."
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Mkt cap ! $17.91M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 7.1¢ | $10.89K | 153.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 26614 | 7.0¢ |
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Price($) | Vol. | No. |
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7.2¢ | 416500 | 1 |
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No. | Vol. | Price($) |
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3 | 26614 | 0.070 |
2 | 69085 | 0.069 |
1 | 75000 | 0.067 |
1 | 15000 | 0.066 |
3 | 124375 | 0.065 |
Price($) | Vol. | No. |
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0.072 | 416500 | 1 |
0.075 | 36614 | 1 |
0.078 | 250000 | 1 |
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0.080 | 20000 | 1 |
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