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273 Posts.
5
30/05/17
17:09
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The company has three parts. Quintis, Mt Romance, Santalis&ViroXis
In 2013, KKR paid $70m for Santano's 2100ha plantation. Quintis owned 3,631ha, it worth $120m. That's 2013 price.
Quintis has $90m cash.
Quintis bought Mt Romance in 2008 ($28.6m), Mt Romance revenue was $13.9m. In 2016, Mt Romance EBITDA was $11m, how much is Mt Romance worth now?
Quintis bought Santalis&ViroXis in 2015 ($31m).
Let's assume none of these asset appreciated all these years. 120+90+28.6+31=$270
Current Market Cap is $115m.
Of course, Quintis has $337m debt, but it matures in 2023, and I didn't count the other assets and assets appreciation at all.
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