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1.42%

$9.98 korvest ltd

Thanks, @ddcx. Just one word of caution, beware of annualising...

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madamswer

16,872 Posts.

8341

07/01/22

14:03

Post #: 58707137
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Originally posted by ddzx ↑

$9.6M profit less $0.5M from from sale of asset = $9.1M trading profit before tax

2 x $9.1M x 30% tax = $12.74M net profit after tax annualized

11.5M shares on issue = $1.11 annualised EPS

PE ratio at current $7.56 share price = 6.8

last year KOV paid 66% of profit in dividends

last Annual Reporet says Korvest has a long history of paying franked dividends. The target dividend payout ratio range is 65-90% of after tax profits

balance sheet has zero borrowings

looks possible 82 cent fully franked dividend (75% payout ratio) is possible for 2022

if so, the dividend yield at $7.60 share price is 15.5% before tax

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Thanks, @ddcx.

Just one word of caution, beware of annualising the DH2021 number because, as you can see, it's like nothing before it:

[That said, I guess the rate at which they have upgraded over the space of just the past few months, anything is possible going forward].

.

Last edited by madamswer: 07/01/22

KOV Price at posting: $7.76 Sentiment: None Disclosure: Held
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(20min delay)
Last $9.98		Change 0.140(1.42%)		Mkt cap ! $117.2M

Open	High	Low	Value	Volume
$9.84	$10.00	$9.84	$5.466K	547

Buyers (Bids)

No.	Vol.	Price($)
3	1165	$9.84

Sellers (Offers)

Price($)	Vol.	No.
$10.02	810	1

View Market Depth

No.	Vol.	Price($)
2	1115	9.840
1	101	9.830
1	467	9.820
2	3600	9.750
2	921	9.740

Price($)	Vol.	No.
10.020	810	1
10.140	1196	1
10.250	800	1
10.340	250	1
10.350	6103	1

Last trade - 15.59pm 29/08/2024 (20 minute delay)

KOV (ASX) Chart