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2.56%

$6.40 findi limited

Ann: FND FY24 Results Presentation, page-18

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saintex

4,454 Posts.

476

22/05/24

08:31

Post #: 73945775
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Originally posted by StephenB: ↑

Valuable points as always thanks saintex. Not sure how you calculated the EV though.
At $3.84 I have EV at c$148m (mcap $185.4m - net cash (refer 3C) $37.6m).
Operating cashflow - lease expenses $20.5m, but adjusting for increase in payables (receivables flat) $6m gives owner earnings of $14.5m
So a 10x multiple, which still looks fantastic value given the growth profile.

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Stephen, I am not sure to understand why you do not take into account Capex in your calculation.
Free cash flow should be equal to cash flow from operation - Capex - lease expenses.

FND Price at posting: $3.77 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.40		Change 0.160(2.56%)		Mkt cap ! $313.7M

Open	High	Low	Value	Volume
$6.20	$6.50	$5.95	$1.998M	317.6K

Buyers (Bids)

No.	Vol.	Price($)
1	878	$6.36

Sellers (Offers)

Price($)	Vol.	No.
$6.49	878	1

View Market Depth

No.	Vol.	Price($)
1	878	6.360
1	878	6.340
1	878	6.330
1	878	6.310
1	878	6.290

Price($)	Vol.	No.
6.490	878	1
6.500	9439	1
6.510	878	1
6.530	864	1
6.550	57	1

Last trade - 16.10pm 31/10/2024 (20 minute delay)

FND (ASX) Chart