they are forecasting FY21 EBITDA of $20.8 million
logistics division expected to do $50 million revs
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They have a 2021 PE of just 8.4x. The small ords is around 20x. Even discounting against that index and applying a 16x multiple gets me to $1.28 on their numbers. It’s worth noting they expect EPS to fall in 22 and 23 but this is due to a segment mix change and tax losses being absorbed by FY23.
Still LOTS of upside here. They also have a 3c dividend in FY21 even though EPS is expected to be 8c. That’s a low payout ratio. I’d expect something closer to 4c, which gives me a market yield of over 5% and for holders that have owned this for a little bit, a very very high yield.
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Mkt cap ! $36.19M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27627 | 11.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 27627 | 0.110 |
5 | 213430 | 0.105 |
14 | 425939 | 0.100 |
3 | 30408 | 0.098 |
2 | 65650 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 294627 | 2 |
0.130 | 57125 | 5 |
0.135 | 353831 | 7 |
0.140 | 281271 | 4 |
0.145 | 80000 | 2 |
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