I was perhaps a bit conservative on their capacity for acquisitions.
$10m in the bank (assume some working capital) + $7m debt facility + ~30% scrip component is more like $20m of acquisition capacity.
With historical 4x EBITDA multiple post synergies they can acquire c.$5m of EBITDA with current funding capacity.
That would get them over the $10m EBITDA level, approaching $11m-$12m of EBITDA run-rate.
Comes down to the timing of these acquisitions but if you think they can pull it off then it looks cheap.
I was perhaps a bit conservative on their capacity for...
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.3¢ | 15.0¢ | 14.3¢ | $15.76K | 108.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 134676 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2129010 | 23 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |