I think it's the debt holding it back. Having a look at a comparable company in Monadelphous that also released today:
MAH: Revenue $1.9 billion, NPAT $57 million, EPS 2.75 cents per share, dividend 0.75 cents per share. (30%) Market cap $334 million. Debt $200 million
MND: Revenue: $1.8 billion: NPAT $53 million EPS 56 cents per share dividend 49 cents per share (85%). Market cap: $1.3 billion (no debt???)
MAH and MND are of similar size in terms of revenue and profit. MND has a significantly higher payout ratio and nearly 4 times the market cap. Is the debt of MAH (which reduced from $215 million to $200 million this year) what holds its stock price and dividend back?
Reaper.
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Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $624.9M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 28.0¢ | $319.2K | 1.118M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 320356 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 115975 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 258790 | 0.280 |
7 | 154580 | 0.275 |
14 | 130456 | 0.270 |
2 | 70000 | 0.265 |
3 | 75500 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 115975 | 4 |
0.295 | 393648 | 5 |
0.300 | 931828 | 27 |
0.305 | 323717 | 4 |
0.310 | 211967 | 4 |
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