Trading at 1x underlying EBITDA, or 3x underlying EBIT, or 5x underlying NPAT; with growth capital spent; margin growth already locked in; a clear strategy of getting cash to shareholders in the most tax effective manner possible given the structure of the business, I'd say the down side is pretty limited and IMHO we should be heading back toward more typical multiples which will deliver the chance of multiple bags on this one.
At a market cap of $500M it isn't massive so it can't be a massive short target. Double the EBIT double the multiple gives 4 bags. Long not Short.
Good Value and Momentum, page-10
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Last
95.5¢ |
Change
-0.030(3.05%) |
Mkt cap ! $909.3M | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.5¢ | 95.5¢ | $1.349M | 1.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31735 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 6601 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
97.0¢ |
Change
-0.030 ( 2.11 %) |
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| Open | High | Low | Volume | ||
| 98.0¢ | 98.0¢ | 95.5¢ | 300916 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PRN (ASX) Chart |