Agreed. Way over sold in choppy markets off the back of a refusal to provide FY23 guidance in August.
There's no way an integrated chemicals manufacturer with 18% EBITDA margins should be trading at 7x FY23 EBITDA of ~$70mn.
I reckon fair value is closer to ~$3.50 off the back of a 15x multiple on FY23 EBITDA of $70mn. Global peers with inferior margins and business models trade at an average of 12x.
If you're interested, I prepared a long-form analysis way back in early September https://www.bayleycapital.com/dangerous-goods-logistics-a-chance-to-monopolise-a-40b-industry/
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Last
53.5¢ |
Change
-0.020(3.60%) |
Mkt cap ! $152.5M |
Open | High | Low | Value | Volume |
55.5¢ | 55.5¢ | 53.5¢ | $36.96K | 67.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 25802 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 3685 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 25802 | 0.535 |
3 | 32000 | 0.530 |
2 | 13750 | 0.525 |
6 | 77878 | 0.520 |
3 | 7941 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 3685 | 1 |
0.570 | 24000 | 2 |
0.575 | 1739 | 1 |
0.580 | 3882 | 1 |
0.585 | 27000 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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