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
This is massively oversold. Trading at implied 4.3x EV EBITDA...
Add DGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $162.5M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 55.5¢ | $231.9K | 409.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24442 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 38332 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
56.5¢ |
Change
0.000 ( 1.74 %) |
||||
| Open | High | Low | Volume | ||
| 57.5¢ | 57.5¢ | 55.5¢ | 42971 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| DGL (ASX) Chart |