CTT 1.23% $1.86 cettire limited

well they have just blown my revenue estimates out of the water....

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  1. 1,158 Posts.
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    well they have just blown my revenue estimates out of the water.
    Using YTD numbers + 160%pcp on the May-June revenue from FY22 the revenue estimates now come up to ~450m. If they continue w 5% EBITDA margins for the next 2 months, we get an EBITDA of c30m for FY23 and NPAT of c15m.

    Growth rates thereafter are a bit tricky, however, 750-900m is achievable in FY24. Margins assumptions can also vary, but I think 7.5% net in the longer term is possible (but certainly not whilst investing for growth). Seems like it is significantly undervalued currently…
 
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