Australia's largest stock trading and investment forum Australia's #1 stock forum

ENA ensurance ltd

0.00%

27.0¢

Fascinating, thanks that helps. Yes, I do agree the overall...

First 6 Last

Share
Profile

Follow
Asymmetric

5 Posts.

10/10/22

11:26

Post #: 64115670
Share

Originally posted by T.E.P.: ↑

Hey @Asymmetric,

Here are the two relevant screenshots from 2022 and 2021. In my post above, I've looked at ENA Australia on a standalone basis (the $1.4m of EBITDA in 2022). You are correct in that the EBITDA of ENA inclusive of head office costs will be lower. However, from a valuation basis, I view it as the value on offer to an acquirer (which is the likely end-game of ENA), and an acquirer would strip out all head office costs on consolidation. Moreover, at the pace ENA Australia is growing, by the end of FY23, it is likely that EBITDA will be well above $1.4m even at an overall group level.

Hope that helps,

Expand

Fascinating, thanks that helps. Yes, I do agree the overall EBITDA for the group will be higher than $1.4 m next year too.

Quick follow-up, do acquirers always look at EBITDA without corporate costs? I mean across all industry’s - not specifically insurance?

Thanks again.

ENA Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

GLF

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Close: Local bourse dips red as CBA profit takers swoop

SFM

Why is Santa Fe Minerals up 370% on Thursday?

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

Trump chides Powell as Goldman call for calm. The RBA must be nervous

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Fascinating, thanks that helps. Yes, I do agree the overall...

Top Stories

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Close: Local bourse dips red as CBA profit takers swoop

Why is Santa Fe Minerals up 370% on Thursday?

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Resolution looks to 'strong historical data' as Horse Heaven search begins

Trump chides Powell as Goldman call for calm. The RBA must be nervous

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Featured News