Far from the prettiest swan on the lake, but being priced by the market like it is the ugliest frog.
When, quality-wise, IVE Group is probably something in between a good business and a lemon.
Valuation metrics following today's update, according to my reckoning:
EV/EBITDA = 3.4x
EV/EBIT = 6.0x
P/E = 7.2x
DY = 9% (even at the bottom end of the targeted payout ratio)
(And the Net Debt part of the EV will be elevated due to the significant - and prudent, given what has occurred to the price of paper - investment they've made in raw material inventories.)
Will never be anywhere close to a market multiple business, but even at an undemanding 4.5x or 5.0x EV/EBITDA multiple (which would correspond to 8x EV/EBIT and ~10x P/E), that equates to more than 40% upside. To go with the mouth-watering 9% DY.
.
- Forums
- ASX - By Stock
- IGL
- Ann: Trading Update and FY22 Full Year Guidance
Ann: Trading Update and FY22 Full Year Guidance, page-2
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGL (ASX) to my watchlist
|
|||||
Last
$2.06 |
Change
0.000(0.00%) |
Mkt cap ! $317.2M |
Open | High | Low | Value | Volume |
$2.08 | $2.10 | $2.05 | $401.1K | 193.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2349 | $2.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.08 | 20287 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2349 | 2.060 |
2 | 3140 | 2.050 |
2 | 11875 | 2.040 |
1 | 20000 | 2.030 |
4 | 65569 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.080 | 20287 | 2 |
2.090 | 1056 | 1 |
2.100 | 6982 | 4 |
2.110 | 5392 | 1 |
2.120 | 9500 | 1 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
IGL (ASX) Chart |