Agreed. Way over sold in choppy markets off the back of a refusal to provide FY23 guidance in August.
There's no way an integrated chemicals manufacturer with 18% EBITDA margins should be trading at 7x FY23 EBITDA of ~$70mn.
I reckon fair value is closer to ~$3.50 off the back of a 15x multiple on FY23 EBITDA of $70mn. Global peers with inferior margins and business models trade at an average of 12x.
If you're interested, I prepared a long-form analysis way back in early September https://www.bayleycapital.com/dangerous-goods-logistics-a-chance-to-monopolise-a-40b-industry/
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Last
54.0¢ |
Change
-0.005(0.92%) |
Mkt cap ! $153.9M |
Open | High | Low | Value | Volume |
54.5¢ | 54.5¢ | 54.0¢ | $16.22K | 29.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 126545 | 54.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 104152 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 126545 | 0.540 |
1 | 10000 | 0.535 |
5 | 60003 | 0.530 |
9 | 624845 | 0.525 |
9 | 1068711 | 0.520 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 104152 | 2 |
0.555 | 40732 | 2 |
0.560 | 18461 | 3 |
0.570 | 24693 | 4 |
0.575 | 41252 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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