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49.0¢ humm group limited

Humm Valuation - What is Sensible, page-37

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daicosisgod

12,682 Posts.

1333

12/07/23

14:58

Post #: 68750638
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Originally posted by Squizz956 ↑

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 pcp

Based 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

Expand

G'day Squizz

I started this thread on 6th Mar'23 with a calc of $1.13

So close to mine.

I reckon Humm Group is well under valued and hence Andrew Abercrombie is buying as much as he can. Eventually a big insto will cotton on and start to join the party.

The first insto in will make a motza IMHO.

Cheers.......D

HUM Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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(20min delay)
Last 49.0¢		Change 0.005(1.03%)		Mkt cap ! $240.7M

Open	High	Low	Value	Volume
48.0¢	49.0¢	47.3¢	$20.45K	42.55K

Buyers (Bids)

No.	Vol.	Price($)
2	46404	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	46312	3

View Market Depth

No.	Vol.	Price($)
2	46404	0.470
1	2222	0.450
1	10000	0.440
1	34500	0.435
2	15109	0.430

Price($)	Vol.	No.
0.490	46312	3
0.495	22361	2
0.500	12115	7
0.505	8000	1
0.510	30150	3

Last trade - 16.10pm 12/08/2024 (20 minute delay)

HUM (ASX) Chart