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Share
14/06/14
15:15
Share
Over the last 4 weeks Iron Ore Spot has averaged = $US95 and AUDUSD = 0.93
I put these numbers into my model. Assumes no dividends are paid.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
0 |
|
|
Accounting |
|
1 |
|
DA |
EPS |
Accounting P/E |
2 |
FY15 |
-359 |
0.10 |
8.1 |
3 |
FY16 |
-361 |
0.12 |
7.0 |
4 |
FY17 |
-359 |
0.13 |
6.4 |
5 |
FY18 |
-358 |
0.14 |
5.8 |
6 |
|
|
|
|
7 |
|
Capex Stay In Business $8/t stripping
|
CASH EPS (EBITDA - capex- interest- tax) |
Cash P/E |
8 |
FY15 |
-185 |
0.25 |
3.3 |
9 |
FY16 |
-186 |
0.28 |
3.0 |
10 |
FY17 |
-185 |
0.29 |
2.9 |
11 |
FY18 |
-184 |
0.30 |
2.8 |
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
0 |
|
Debt |
Gearing |
EBITDA Interest Cover |
Leverage Ratio |
EV / EBIT |
1 |
FY15 |
-1,521 |
28% |
6.9 |
2.4 |
9.7 |
2 |
FY16 |
-1,182 |
24% |
8.5 |
1.8 |
8.0 |
3 |
FY17 |
-828 |
18% |
11.2 |
1.3 |
6.8 |
4 |
FY18 |
-459 |
11% |
16.7 |
0.7 |
5.5 |
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