If we assume FY24 EBIT is around that $8m mark. Why do you think it continues to trade around 10x that amount ($80m mkt cap)? If you ex cash of around $15-$20m then its even cheaper?
The company has decent growth prospects (correlated to a rebound in sales volumes, more than prices, and general population growth). So why doesn't trade at at least a market average of between 15-20 times earnings? Still too small for any funds to get into it?
If we assume FY24 EBIT is around that $8m mark. Why do you think...
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