Nan mentioned the business will grow to over $100m in the coming years. Then in one of the questions she confirmed that EBITDA would also grow to be over 10m based on the current economics. Given their tax credits I don't think they will need to pay tax on their profits for awhile so just assume that over $10m in EBITDA makes it way through to the bottom line as $10m in NPAT, this is what the valuation of the business looks like at the offer price of 2.2c with the new shares added to SOI:
Even using a SP of 10c in FY26 makes it look undervalued.
Nan mentioned the business will grow to over $100m in the coming...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.90M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $27.18K | 1.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2924995 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 44894 | 1 |
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| Last trade - 15.04pm 25/06/2024 (20 minute delay) ? |
| ECS (ASX) Chart |