Market has been very wobbly as of late. From what I've read from various brokers, ADH's EBIT guidance is 5% below Goldman Sach's forecast and 8% below Morgans' forecast. Sales revenue was actually in line with forecast. So a 20% decline in share price vs a max 10% downgrade in EBIT suggests to me the stock was oversold.
Also, I dont think COVID related/store closure costs would be included in the DCF calculation cos they are one-off most likely. So at current share price, assuming 2H22 will be $32m as well i.e. flat, ADH is trading at 8x EBIT and 5x normalised EBIT. This also leaves room for potential upside assuming there is no lockdown this year.
Market has been very wobbly as of late. From what I've read from...
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Last
$2.32 |
Change
-0.040(1.69%) |
Mkt cap ! $407.9M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.38 | $2.29 | $1.433M | 617.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2866 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 12866 | 2 |
View Market Depth
| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| ADH (ASX) Chart |