I think that is what a lot of investors are calculating.
50,000tpa x $350 margins = $17.5m EBITDA (rough calculation)
Forget about PE of 10 in this market.
Even if they get to 150,000tpa that is circa $50m EBITDA.
Plenty of good companies around trading at 1-2x FCF that are near producers like ADN.
So my view is the current MC, even after Fridays correction, is still very inflated.
I think that is what a lot of investors are calculating....
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $177.5K | 22.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 16415413 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 15152155 | 14 |
View Market Depth
| Last trade - 11.45am 03/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |