WSI 3.85% 13.5¢ weststar industrial limited

Why do you see H2 as bad? Sincere question, interested in your...

  1. 522 Posts.
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    Why do you see H2 as bad? Sincere question, interested in your take on it.

    See
    Strong Half-year Earnings (EBITDA) of $5,040,690
    • Profit (NPAT) of $2,900,457
    • Revenue of $110,030,157
    • 1HY24 Alltype Engineering consistent at $42,223,002
    • 1HY24 SIMPEC revenue $66,539,884
    • Completion of strategic acquisition of Watmar Engineering Pty Ltd (‘WATMAR’)
    • 1HY24 WATMAR revenue circa $1.3M (two months contribution)
    • Cash Holdings of $16.1M

    What I see is huge revenue to mkt cap, and actually good #s except for one thing. They generate very low profits on revenue. They would double EBITDA if they just charged 5% more or reduced costs by 5%. Are all similar contractors so razor-thin on margins?
    Last edited by darp: 05/04/24
 
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