I think you're right in that share price could drop to around $1.60 but at that price, its an absolute steal. Thats about a $400m marketcap. To put that in perspective, ABB guidance for FY23 is $800-$840m revenue and EBIT of $80-$88m. So looking at a marketcap ebit ratio of 4 to 5. Which is the same as Telstra. Except telstra isnt growing at >50% every year.
That Marketcap would be the same as superloop which is about a third the size of ABB and has organic growth YoY of around 10%. The main growth last year came through acquisitions. It also has a much smaller wholesale and business division.
Market it truly cooked. None of this makes sense. I loaded up hard today and will continue to do so.
$2, page-7
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Last
$2.91 |
Change
0.025(0.87%) |
Mkt cap ! $851.0M | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.91 | $2.90 | $71.35K | 24.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 20215 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 1601 | 3 |
View Market Depth
| Last trade - 10.00am 17/07/2024 (20 minute delay) ? |
| ABB (ASX) Chart |