Based on update, EBITDA $23-25M. As IRI has no I, D and A, so profit before tax is $23-25M. Last year was loss of $29M thus should have no tax to pay, plus $2M bank interest should be received, therefore 2024FY net profit is $25-27M. Take $25M, EPS is 14C, PE ratio is 6.9 as per current share price 97C. Still very cheap.
As per IRI turn around is well underway, 10 PE should be warrant thus share price should reach $1.4.
A little concern about their collaborate which seems still an issue. Given they say the company need new products, I assume the new products are mainly for collaborate. Future R & D cost will go up.
Ann: FY2024 Trading Update & CEO Transition, page-10
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Last
90.0¢ |
Change
0.055(6.51%) |
Mkt cap ! $165.8M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 98.0¢ | 87.0¢ | $1.929M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3229 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 43135 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |