Obviously, that's a strong result.
Shape was able to have a similar result during H2 24 vs H1 24.
That's a major achievement, as it confirms that H1 24 margin improvement was not a one off.
The re-rating of the company is probably not over, given its valuation based on these FY 24 results :
- EV/EBITDA of 3.6-3.8 x
- PE (excluding cash) of 6 to 6.3 x,
- free cash flow yield of 20 % based on FY 23 results, while I expect the cash flow to be higher in FY 24 thanks to EBITDA increase of 25 %.
Even if we exclude the working capital effect, free cash flow is 13 % based on FY 23 free cash flow.
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Last
$4.18 |
Change
0.000(0.00%) |
Mkt cap ! $348.9M | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.23 | $4.08 | $182.2K | 44.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4131 | $4.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.29 | 1006 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| SHA (ASX) Chart |