On my numbers the FY24 PER is around 11x and EV/EBIT around 2.5x - not bad for bottom of the cycle metrics.
Using FY23 numbers the PER was 3.2x and EV/EBIT 1.1x.
FY25 is all about the level of recovery in like store sales, with gross margins around 64% this stock is leveraged both ways to like sales.
By my calculations every 1% increase in like sales = $0.8m EBIT or +12% on the FY24 base EBIT of $6.3m.
The group will cycle circa -11% like sales in FY24 and -13% in FY23 - this base should not be under estimated.
Ann: FY24 Trading Update, page-6
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Last
93.5¢ |
Change
-0.025(2.60%) |
Mkt cap ! $58.22M | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 96.5¢ | 92.5¢ | $109.8K | 116.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2978 | 93.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 20000 | 1 |
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