Knee jerk market reaction. Happening quite a lot this reporting season.
Plenty of good news here including around
- another increase in pipeline and order book
- resolution to Batu Hijau which looks nicely capital efficient
- reconfirmed guidance, and
- capex which highlights that after significant investment spend, cashflow should improve and ROACE get to 15% "near term" according to the CEO
- ongoing risk reduction, particularly around alliance style contracts (43% now)and cost protection via rise and fall provisions in other contracts
Muktiples looks cheap:
- 0.59x book value - compared to an average of 0.92x and median of 0.75x over the last 5 years
- 1.5x ebitda - compared to average of 2.9x and median of 2.2x over the last 5 years
With cashflow improving, this stock should do well.
Risk seems to be mostly industry specific ie getting people.
IMO DYOR
Knee jerk market reaction. Happening quite a lot this reporting...
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $592.6M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.0¢ | 27.0¢ | $842.2K | 3.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158469 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 1338417 | 11 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
28.0¢ |
Change
0.005 ( 2.71 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.0¢ | 27.3¢ | 282044 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| MAH (ASX) Chart |