Revenues : + 6 %
EBITDA : + 19 %.
In the furniture/renovation sector.
Without any acquisition.
Once again driven by KWB (kitchen and wardrobe renovation chain) which grew its sales and EBIT by respectively 8 % (despite closing 1 showroom) and 32 % (21.7 % margin). This comes after FY 23 when KWB increased its sales and EBIT by respectively 14 % and 32 %.
We just need to keep in mind that KWB is only owned at 51 % by Joyce, when looking at the valuation ratios.
If we annualise H1 24 EBITDA (excluding minority interests), Joyce is valued with an EV/EBITDA of 3.7 x, while there is still a real potential of expansion for KWB, which has only 25 showrooms throughout Australia
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Last
$4.03 |
Change
0.030(0.75%) |
Mkt cap ! $118.8M |
Open | High | Low | Value | Volume |
$4.04 | $4.04 | $4.00 | $30.58K | 7.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30 | $4.03 |
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Price($) | Vol. | No. |
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$4.04 | 4837 | 1 |
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No. | Vol. | Price($) |
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1 | 30 | 4.030 |
3 | 15940 | 4.000 |
1 | 6 | 3.990 |
1 | 3000 | 3.970 |
1 | 5000 | 3.960 |
Price($) | Vol. | No. |
---|---|---|
4.040 | 4837 | 1 |
4.050 | 39354 | 1 |
4.150 | 10000 | 1 |
4.190 | 1271 | 1 |
4.210 | 4231 | 1 |
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