This is what attract me the most on the Acquisition Multiple of MATSA.
If you look at EBITDA H1F21(94M) and H2F21(293m) which they derived the acquisition
multiple of 94M + 293M = 387M , Multiple of 4.8 * 387M = 1857M.
Because Copper and Zinc Prices are again all time high, that EBIDTA if we use H2F21
EBITDA of 293M for H1F22,H2F22 = total of 583M therefore Multiple for 1857M acquisition
is reduced to 1857/583 = 3.1 or you can say just 3.1 years.
Since we already got the key to the mine, is it safe to say SFR will receive its first proceed
at MATSA this March Quarter albeit just 2 months barring January.Interesting times ahead.
Key thing is Zinc comprises 27% of total Nickel Equivalent production and Zinc prices
is rising. Former owners might not have realized the increase in EBITDA from 94M to 293M
a staggering 211% increase and bound to rise even more as Copper and Zinc Prices rises in
coming years.Makes you wonder why did they sell?DYOR
Ann: Sandfire completes acquisition of MATSA, page-7
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Last
$8.63 |
Change
0.080(0.94%) |
Mkt cap ! $3.947B | |||
| Open | High | Low | Value | Volume |
| $8.62 | $8.78 | $8.49 | $21.53M | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 59482 | $8.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 2784 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SFR (ASX) Chart |