Jardin upgraded to Buy this week, PT $2.55 (was $2.50). They had a DCF/SOTP using 8.4% WACC and 2.5 TGR.
They had similar thoughts to mine - negativity around earnings and the acquisition has likely overshot, and catalyst to surprise on the upside in FY25/26, when destocking leads to restocking ect.
They argued that the stock has underperformed by 43% over the past 12m, and is now ~2StDev below long term relative value to the ASX200.
I'm a big fan of deep value plays so it was all music to my ears
Jardin upgraded to Buy this week, PT $2.55 (was $2.50). They had...
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Last
$1.98 |
Change
0.010(0.51%) |
Mkt cap ! $2.660B | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.00 | $1.98 | $6.987M | 3.518M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 50328 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 9393 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ORA (ASX) Chart |