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
$2.38 |
Change
0.000(0.00%) |
Mkt cap ! $3.197B | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.40 | $2.35 | $8.685M | 3.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1051 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 25005 | 5 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| ORA (ASX) Chart |