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0.00% $1.15 diverger limited

CAF reported much better earnings than I expected, normalised at...

  1. Mr-Chow
    871 Posts.
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    29/08/22
    02:49
    Post #: 63372200
    CAF reported much better earnings than I expected, normalised at around $3.8m.

    They also have $12m net cash and possibly $20m in future tax benefit.

    This puts management's $62m bid in a much better light, if you adjust for those 'cash regains' multiple would have been 8x.

    I really love the cash generation and capital light model in a service business industry undergoing generational change.





    DVR Price at posting: $1.05 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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