Just had a look back at 2019 FY when BRL made a NPAT of $45m and EBITDA of $106m... export pricing averaged $204.56/t USD and some are picking prices of $190/t USD for the near future (article below).. currently EBITDA forecast is $55m odd... if things continue to be elevated like they are, this will surely be blown away and we could be looking at $100m+ EBITDA again... and if that is the case, with a currently market cap of $120m, BRL is massively undervalued by 3 or 4 times, making my $2 price target (20 cents prior to consolidation) quite reasonable to say the least (and even if BRL came out in FY22 producing $70m EBTIDA, a P/EBITDA of 4 would still make for a market cap 2x that of today!)
Time will tell.
https://unauthorised investment advice/resources/monsters-of-rock-analysts-are-tearing-up-coking-coal-forecasts-as-prices-soar/
Ann: June 2021 results announcement, page-13
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Last
81.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.5¢ | 79.0¢ | $22.60K | 28.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12578 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 177555 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |