I know it’s a cyclical business but an ev/ebitda of less than 2 seems a bit excessive. net cash of 34 mil at half year (despite 30mil working capital build) with big unwind in working capital expected. Net cash should be >50mil despite the 3.4mil divi.
Pretty crazy valuation. Franking credit balance getting low though down to ~8mil. Would be nice if they bought back some stock.
I know it’s a cyclical business but an ev/ebitda of less than 2...
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Last
$9.05 |
Change
0.010(0.11%) |
Mkt cap ! $156.9M | |||
| Open | High | Low | Value | Volume |
| $9.00 | $9.17 | $8.82 | $126.3K | 14.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 297 | $9.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.20 | 1960 | 1 |
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| Last trade - 15.59pm 10/07/2024 (20 minute delay) ? |
| CAA (ASX) Chart |