Hate cherry picking data points but post-acquisition EV/EBITDA drops from 8.5 to 7.8, assuming they can deliver on the $15m synergies.
Looks like a great deal and it also looks like the recovery in maritime cruise and energy will deliver growth in H2 which will in turn improve the net debt to EBITDA.
Unlikely I’ll be around the reap the full rewards but it does make me more comfortable with trading into the mid 4s.
SDA Price at posting:
$3.92 Sentiment: Buy Disclosure: Held
