Valuation paragraph from Cannacord report. I believe they will revise their price target soon, based on the wording:
Valuation & view
The strong 1H24 revenue result de-risks our/consensus FY24 forecasts and
demonstrates EOS's ability to execute on its order backlog in an accelerated manner.
We expect the company's multiple to continue to re-rate positively as investors gain
confidence in contract execution and as its order backlog grows. We estimate the
current order backlog sits at +$500m, which underpins its revenue trajectory in the
immediate future. We maintain a BUY rating and a DCF-derived valuation of A$1.95ps.
Cannacord view on EOS valuation
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Last
$1.84 |
Change
0.000(0.00%) |
Mkt cap ! $354.0M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.88 | $1.77 | $1.929M | 1.057M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2424 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 16618 | 3 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |