Not sure why this hasn't been flagged as share price sensitive given the debut guidance provided for FY2024 - notably, Revenue of $345m and NPAT of $46m to $50m (which, for those who know LYL, really means $50m).
Nonetheless, using the mid-point of the guidance, the stock is trading on a P/E of just 8.2x.
But that is an understated valuation metric, given the near-$100m of Net Cash (equivalent to more than $2.00/share). (Sure, the bulk of that cash is required for bonding and performance guarantees, but still, its existence needs to be acknowledged given the sheer quantum involved).
Assuming a minimum dividend payout ratio of 60% would result in DPS of $0.75 for FY2024, which is a dividend yield of almost.
The stock has been priced like the cycle is peaking but when you consider the macro tailwinds and LYL's diversity, both industry-wise as well as geographically, it is very difficult to see earnings easing by much, when they eventually do so.
Even at a share price of $12.00/share, that would still leave the stock on a raw (i.e., excluding any adjustments for Net Cash) of 10 times.
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Last
$12.15 |
Change
-0.100(0.82%) |
Mkt cap ! $482.8M |
Open | High | Low | Value | Volume |
$12.22 | $12.25 | $11.99 | $1.242M | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1071 | $12.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.19 | 1184 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 831 | 12.150 |
1 | 828 | 12.100 |
1 | 827 | 12.080 |
1 | 2000 | 12.030 |
1 | 417 | 11.990 |
Price($) | Vol. | No. |
---|---|---|
12.190 | 1184 | 1 |
12.500 | 940 | 1 |
12.880 | 500 | 1 |
12.980 | 400 | 1 |
13.000 | 80 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
LYL (ASX) Chart |
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