What am I missing here? Is the sovereign risk the key?
$241 profit + $86 (depreciation from Annual report) = $327 EBITDA give or take.
This is therefore trading at an EV of 2.8x EBITDA??
I know there is some funding facilities but assume this will fund assets anyway, not working capital.
Ann: WAF delivers $165 million NPAT for 2023, page-2
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Last
$1.40 |
Change
-0.050(3.45%) |
Mkt cap ! $1.438B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.39 | $2.227M | 1.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24109 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 12777 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.40 |
Change
-0.050 ( 3.53 %) |
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| Open | High | Low | Volume | ||
| $1.44 | $1.44 | $1.39 | 669000 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| WAF (ASX) Chart |