VVA 1.52% $1.34 viva leisure limited

Nice endorsement by commonwealth bank. they must like the...

  1. 249 Posts.
    lightbulb Created with Sketch. 154
    Nice endorsement by commonwealth bank. they must like the cashflows Viva is generating !!

    back of the envelope:

    Viva is currently acquiring on around 3x ebitda multiples.

    they should have around $10 million in net cash plus the $10 million acquisition portion of the CBA facility announced today.

    that implies that Viva can deploy close to $20 million and purchase approximately $6-$7 million of ebitda.

    Ords (broker) is forecasting Viva to make $13.4 million ebitda this year.

    so on full deployment assumption, Viva will have $20 million ebitda and growing.

    on 10x Viva is worth $3.50 !!

 
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