This is massively oversold.
Trading at implied 4.3x EV EBITDA based on FY24 guidance (A$65m EBITDA)
Running at 95% EBITDA conversion to OpCF (in 1H), with limited Capex in 2H, they will generate another ~$30m of cash flow in the second half, and $60m for the full year.
Property assets on the balance sheet now $270m.
NTA
- Property $270m
- plus cash $21m
- minus debt $(134m)
- plus net working cap (AR + inv - AP) of $63m
Equals $220m
versus market cap after today's fall of A$170m
Ann: DGL HY24 Results Presentation, page-28
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Last
49.0¢ |
Change
0.010(2.08%) |
Mkt cap ! $140.0M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 50.0¢ | 48.0¢ | $87.93K | 178.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31414 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 6640 | 1 |
View Market Depth
| Last trade - 15.47pm 06/09/2024 (20 minute delay) ? |
| DGL (ASX) Chart |