I haven't seen a broker report for almost two years. There are five or six brokers covering but they certainly keep their reports close to their chest for MAH.
FY21 NPBT was $80m and in the presentation they said the tax rate would normalise to 30% in FY22. So assume the same NPBT for FY22 (conservative assumption as they forecast $1.4-1.5B revenue for FY22 which is an increase, but then I allow some extra costs given the current world environment). So NPAT would be $56m+. Current mkt cap is $420m (at 19.5c) so that's a FY22 expected PE of 7.5.
With an order book sitting with $5.0B and a huge tender pipeline as well ($7.0B), it means the run rate and outlook is certainly sustainable. Plus some.
It is cheap. Its unloved and cheap.
Broker reports, page-3
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $808.1M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.5¢ | $176.4K | 468.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65000 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 71906 | 4 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MAH (ASX) Chart |