In the auto and motorcyle sector, I like both MTO and NTD (tire distributor) which have a similar profile.
Both have limited organic growth, so they mainly rely on acquisitions for growth.
This year, they benefit from a significant rebound of their results thanks to the improvement of their respective sector, a large operating leverage and a high level of cash generation.
Their valuation look cheap with a free cash flow yield of 15 %+ both companies.
Surprising that there is not much discussion about MTO on HC.
Anyway, there are quite clever funds which support MTO, like WAM and Forager Fund.
In the auto and motorcyle sector, I like both MTO and NTD (tire...
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $80.81M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.09 | $3.398K | 3.078K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4477 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MTO (ASX) Chart |