Huon traded at ~20x EV/EBITDA when you normalised their terrible Covid period (actual transaction was ~40x). At the time, Grant Thornton did a valuation of aquaculture companies, and Tassal was widely the cheapest - despite having one of the best growth profiles across the sector.
Note this is slightly dated. But essentially, trading at 10x EBITDA today is around ~40% discount to what other valuations are.
Ann: Tassal enters into Scheme Implementation Deed with Cooke, page-20
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)