Ignoring the down-ramping simpletons, anyone have some broker forecasts on EBDTA? This, I suspect was a beat at $29-33M guidance for the first half? I am thinking most were flat to maybe $20 million.
Citi recently upgraded its EBTDA forecasts and called ZIP going "cash flow positive in 2H24e" and having addressed its debt concerns "but still needs to renew its corporate debt facility (expires in Mar'24)" will probably upgrade again I imagine.
And for those who like to bash ZIP on profitability (showing their clear misunderstanding, its EBTDA loss for 1H FY23 was -$33 million, that it has reversed). Positive free cash flow 2nd half and possibly net profitability 1H FY25, which makes ZIP still very silly value at <$1 billion mkt cap, with such business growth and strong cash transaction margins.
Now ZIP is achieving +31% revenue growth in the US, and 20% in ANZ, whilst customer numbers stagnant. Just imagine the growth when ZIP untightens its risk parameters on customers when US/AU rate cuts start to emerge and it starts raising customer numbers again:
Ann: 2Q FY24 Results Update and interim 1H24 Results Update, page-59
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |