Great numbers but seemingly off the radar. Business becoming more diversified and resilient with service offering getting better each year. Market size is massive and they are doing all the rights things whilst continuing to invest and maintain good cashflow.
Net cash and a 10% buyback a nice surprise.
Management happy to give guidance with middle of range implying around another 10% EBITDA growth.
On my calculations, looks like it's trading around 5.7x EBITDA despite trading historically on average at over 10x (7.8x in 2020 when pandemic hit). Hopefully management will go hard and early in the buy-back given how cheap the stocks looks IMO.
RoE a very respectable 25%. Should be a good compounder.
GLTAH DYOR IMO
Ann: FY23 Results Presentation, page-4
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Last
$2.23 |
Change
0.000(0.00%) |
Mkt cap ! $535.1M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.24 | $2.21 | $3.175M | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 802 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 7282 | 3 |
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