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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Not sure why this hasn't been flagged as share price sensitive...
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Last
$13.71 |
Change
0.010(0.07%) |
Mkt cap ! $546.4M |
Open | High | Low | Value | Volume |
$13.67 | $13.82 | $13.63 | $374.2K | 27.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 325 | $13.70 |
Sellers (Offers)
Price($) | Vol. | No. |
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$13.72 | 212 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 325 | 13.700 |
2 | 143 | 13.690 |
1 | 110 | 13.680 |
2 | 411 | 13.670 |
2 | 762 | 13.660 |
Price($) | Vol. | No. |
---|---|---|
13.720 | 140 | 3 |
13.730 | 160 | 2 |
13.740 | 660 | 6 |
13.750 | 136 | 2 |
13.760 | 4405 | 4 |
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