Bell Potter initiated cover yesterday. Here's a wee snip
"Investment View – Initiate with a Buy, PT $1.92 We initiate coverage on ELX with a Buy and PT of $1.92. The PT is generated using a blend of three valuation methodologies: DCF, EV/EBITDA and EV/Sales. ELX has aggressive growth potential and we forecast strong double digit growth in revenue and earnings over the next 5 years. We also believe ELX is undervalued when compared to the high growth small cap medtech companies in the US trading at an average 6.8x 2018 EV/sales vs. ELX trading at 1.5x. In our view, iTrack business alone can support our PT for ELX given the US$500m-US$700m recent acquisitions in the MIGS space. "
losses expected in their forward calc's for both this year and next year, so need to see through that I guess.
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $45.81M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 19.0¢ | $139.6K | 703.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 100510 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 94295 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 80510 | 0.190 |
6 | 76136 | 0.185 |
4 | 118066 | 0.180 |
1 | 2860 | 0.175 |
1 | 6000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 94295 | 2 |
0.205 | 105843 | 1 |
0.210 | 100000 | 1 |
0.215 | 227461 | 4 |
0.225 | 20000 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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