Another microcap recovery worth watching : Scidev (water treatment manufacturer).
The company published today a strong Q3 regarding revenues (+ 38 % yoy), underlying EBITDA margin (12.4 % vs 8.8 % in Q2 24 and 3.2 % in Q1 24) and cash flow from operation (3.8 m$), in line with EBITDA (3.6 m$).
If we annualise this quarterly EBITDA, the company has a free cash flow yield of 24 % (Scidev has a net cash position of 9.1 m$).
According to their comment, Q3 cash flow may have benefited from some working capital effect.
Scidev has been a frustrating company, as it took them a long time to turn profitable.
Their new CEO seems to be doing a good job regarding growth and profitability.
One difficulty with their business may be to assess what part of their business is recurring.
- Forums
- Lounge
- Fund managers
Fund managers, page-1395
-
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries