For simplicity, let's assume they make $300m*** p.a. FCF (cash remaining after ALL outgoings including capex, opex, tax, dividends, debt repayments etc.) then we have:
EV/FCF: 7,500,000,000 / 300,000,000 = 25x ... a FCF yield of 4%.
EVN has been a fantastic success story in the past up until the Red Lake acquisition... since it has become quite the dog trying to paper over the cracks.
The gold price has to re-rate to the upside materially or true costs have to decrease dramatically to bail them out of the hole they are in.
***Group cash flow for the HALF was only $50m despite current gold price...
For simplicity, let's assume they make $300m*** p.a. FCF (cash...
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Last
$3.98 |
Change
0.050(1.27%) |
Mkt cap ! $7.903B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $4.02 | $3.92 | $10.68M | 2.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 114709 | $3.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.98 | 4196 | 5 |
View Market Depth
| Last trade - 14.06pm 28/05/2024 (20 minute delay) ? |
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Last
$3.99 |
Change
0.050 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| $3.94 | $4.02 | $3.93 | 1338219 | ||
| Last updated 14.25pm 28/05/2024 ? | |||||
| EVN (ASX) Chart |