AIA has a NZ $12bn mkt cap and is trading on a 23 x EV/EBITDA multiple (assuming 2019 aero EBITDA and 2022 property EBITDA), pretty much at a historic high multiple even with the 10yr bond rate much higher than when it reached this multiple in 2019.
A takeover of this kind of asset would need to be at a 30%+ premium, which is minimum $16bn and also a 30x multiple which is silly even for a great asset.
1. Morrison & Co doesn't have even close to that amount of equity
2. Buying an asset at close to a 2% free cash flow doesnt make sense when debt costs are 5%+
Great asset and i'm a holder but I wouldn't be surprised if in 2-3 yrs time we are at a similar price as today.
- Forums
- ASX - By Stock
- AIA
- Ann: Pause in Trading
Ann: Pause in Trading, page-12
-
- There are more pages in this discussion • 6 more messages 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 AIA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.78 |
Change
0.070(1.04%) |
Mkt cap ! $11.40B |
Open | High | Low | Value | Volume |
$6.70 | $6.79 | $6.68 | $5.781M | 857.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4612 | $6.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 1664 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4612 | 6.760 |
4 | 11971 | 6.750 |
2 | 6442 | 6.740 |
3 | 11709 | 6.730 |
4 | 15813 | 6.700 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 1664 | 1 |
6.790 | 3612 | 1 |
6.800 | 12098 | 6 |
6.810 | 6612 | 2 |
6.820 | 8950 | 2 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
AIA (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online