Posting just to write down my thoughts.
Whilst it varies, I have FID FUMAA ending at about 11.5bn (fairly sizeable drawdown in FUM in June).
Average FUM throughout the year (June '21 + June '22)/2 = ~11bn
At an estimated $6.8m/$1bn of FUMAA, I get ~75m in revenue.
Net Income (after fees and charges) of 74% = $55.5m
CTI on that of 53% = $29.41m
D&A excl customer amortization is basically 0.
That should leave ~$29m in PBT.
Tax rate of 27.5% = $21m PAT
Current MC = $230m
Cash ~$17m at EOY (guessing, depends on timing of payments, etc)
EV = $213m
Basically trading on 10x EV/FCF from what I can tell. Plenty of room for growth from:
- acquisition of more FUA, then transfering across to management/platform
- recovery across equity/bond markets
- Onboarding external funds onto the platform
Potential loss of earnings from reduction in platform pricing... Unsure how to factor this in as I don't know the pricing structure.
- Forums
- ASX - By Stock
- Ann: FID Investor Presentation - Wilsons
Posting just to write down my thoughts.Whilst it varies, I have...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FID (ASX) to my watchlist
|
|||||
Last
$7.45 |
Change
-0.020(0.27%) |
Mkt cap ! $234.5M |
Open | High | Low | Value | Volume |
$7.48 | $7.51 | $7.45 | $113.4K | 15.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1010 | $7.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.50 | 3415 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1010 | 7.450 |
1 | 2000 | 7.360 |
1 | 5000 | 7.350 |
1 | 106 | 7.310 |
1 | 250 | 7.150 |
Price($) | Vol. | No. |
---|---|---|
7.500 | 3411 | 1 |
7.700 | 3406 | 2 |
7.770 | 2164 | 1 |
7.890 | 254 | 1 |
7.930 | 262 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
FID (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online