I think this was a great simple valuation. Anyone care to elaborate as to what is holding it down.
It's been tracking sideways for a long time now despite clear evidence of positive momentum in the business.
1H23 Normalised Cash Profit After Tax (“Normalised CPAT”) of $38.5m, up 2% on pcpBased on these figures I expect a normalised CPAT of $40-$50 million the next half and continuing to improve next FY.
Current valuation as follows: FY CPAT $38.5m + $44.3m ($38.5 x 15%) = $82.8 Million
$82.8 Million / 554m shares = $0.1495 per share
The PE here is a bit tricky as there have been a long history of destruction of shareholder wealth especially after the BNPL problems and Latitude debacle. But a PE of around 6 I think is reasonable.
So 6 x $0.1495 per share gives us a valuation of $0.897 per share
But they also have approx. $103m in cash which is $0.18 cents per share,
So $0.897 + $0.18 = $1.077 per share
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Last
83.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $408.1M |
Open | High | Low | Value | Volume |
82.0¢ | 84.3¢ | 81.0¢ | $584.7K | 707.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6589 | 81.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 16817 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6589 | 0.815 |
1 | 6589 | 0.810 |
4 | 23438 | 0.805 |
4 | 97500 | 0.800 |
2 | 20700 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 16817 | 1 |
0.835 | 4942 | 1 |
0.840 | 26760 | 3 |
0.845 | 104942 | 2 |
0.850 | 93901 | 7 |
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