Based on today's guidance, if we assume eventual EBITDA is $20M, as IRI has no fixed assets and external debt, so EBITDA have no I, D and A. Plus finance income at approx $2M. Thus NBT will be $22M, 30% income tax rate, so Net profit after tax will be $15.4M. Given today's MC, PE ratio is 6.6.
Over the past 15 years, IRI highest PE was 30(2017), lowest was 6(2009). So now IRI is almost at lowest multiple. Given the strong financial performance recovery, I think PE at 12 shouldn't be excessive, so SP still has almost 100% upside room to go.
Ann: FY24 Trading Update, page-5
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Last
92.0¢ |
Change
0.040(4.55%) |
Mkt cap ! $160.6M | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 92.3¢ | 87.0¢ | $202.1K | 225.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5039 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 7479 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |