Just had a better look and this is a very undervalued stock.
I don't like using EBITDA but have calculated Profit without acquisition costs and including full year of MNF/Voitek:FY22 Profit: $0.3m
Add back acquisition costs: $1.8m
Extra profit from full year of MNF: $1.3m
Extra profit from full year of Voitek: $0.2m
Total Profit: $3.6m
Using this profit figure and a conservative PE of 10 we get a share price of 16 cents. So if VN8 don't undertake any acquisitions in FY23 fair value would be around 16 cents (105% increase on current share price).
Obviously management have stated they are still aiming to acquire so we may have to wait longer to see a full year without acquisitions. But just shows how undervalued VN8 is.
Just had a better look and this is a very undervalued stock. I...
-
- There are more pages in this discussion • 16 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 VN8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.66M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.5¢ | $534.1K | 15.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11053073 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 4065079 | 15 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| VN8 (ASX) Chart |