This company is cheap, based on its free cash flow yield in FY 20.
Also showed a surprising resistance of their business in FY 20, while such a business is expected to be quite cyclical.
Q1 21 is even better, with nice top line growth (growing in all geographic areas) and a strong operating leverage (operating costs decreased by 16%) with a limited impact of jobkeeper.
Can't find much reasons why it is so cheap, except the poor liquidity of the stock and the short term visibility on their revenues (length of average contracts ?).
Need to do more work on it.
Ann: Q1 FY2021 Trading Update, page-5
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.22 | $33.13K | 26.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6600 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 3555 | 3 |
View Market Depth
| Last trade - 14.52pm 10/07/2024 (20 minute delay) ? |
| EGG (ASX) Chart |