ATP is a good company with shareholder-friendly management, strong balance sheet and they're taking steps to reduce risks.
My take is that it's trading at ~4x foward EV/FCF with unpredictable pearl prices (if annualized 2H 2024)
one could say 4x is cheap, or one could say 4x is not cheap for the pearl industry.
for myself, I'm building up my position in ATP slowly
Ann: Annual Report 2024, page-55
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $68.00M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $7.28K | 46.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 200232 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 58384 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ATP (ASX) Chart |