DGL 8.08% 53.5¢ dgl group limited

This is massively oversold. Trading at implied 4.3x EV EBITDA...

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  1. 321 Posts.
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    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
 
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