Now that the company is regularly delivering positive EBITDA, there is a better reason to value their unused tax losses.
At 30/6/23, it represented 53.2 M$, which corresponds to a potential tax benefit of 16 m$ (at 30 % rate).
This is significant for a company which has a market cap of 65 m$ and an enterprise value of 56 m$.
Another way to look at it : it has an enterprise value of 40 m$ after valuing this tax benefit, which corresponds to 2.8 x its last quarterly EBITDA annualised.
Such a valuation corresponds more to a very cyclical sector than the water treatment sector which is expected to show regular growth.
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Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.77M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 4984 | 5 |
View Market Depth
| Last trade - 12.28pm 30/07/2025 (20 minute delay) ? |
| SDV (ASX) Chart |
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