@suddsy1919 D&A last year was $1.7m. So $9m of EBITDA next year becomes maybe $7.7m of EBIT and around $6m of NPAT (depending on tax offsets).
In FY17 they had $0.8m of D&A and a tax benefit (rather than an expense) so $8.8m of EBITDA was $8m of EBIT but $9m of NPAT so your point is well made.
In terms of price targets $3 in 2017 is probably more like $2 in 2025 for a comperable level of EBITDA.
As an aside does anyone know why ADA pays tax when they have $36m of accumulated losses?
Ann: Appendix 4D and Half Year Report for period ended 31 Dec 23, page-13
Add ADA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
-0.005(0.98%) |
Mkt cap ! $38.49M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $23.77K | 46.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17653 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 4299 | 1 |
View Market Depth
| Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
| ADA (ASX) Chart |