This is massively oversold.
Trading at implied 4.3x EV EBITDA based on FY24 guidance (A$65m EBITDA)
Running at 95% EBITDA conversion to OpCF (in 1H), with limited Capex in 2H, they will generate another ~$30m of cash flow in the second half, and $60m for the full year.
Property assets on the balance sheet now $270m.
NTA
- Property $270m
- plus cash $21m
- minus debt $(134m)
- plus net working cap (AR + inv - AP) of $63m
Equals $220m
versus market cap after today's fall of A$170m
Ann: DGL HY24 Results Presentation, page-28
-
- There are more pages in this discussion • 82 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 DGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.5¢ |
Change
-0.005(0.86%) |
Mkt cap ! $163.9M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 58.5¢ | 57.0¢ | $52.80K | 91.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7586 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 56079 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| DGL (ASX) Chart |