Agreed it looks a bargain. I have an EV/EBITDA multiple of approx. 6.5
The only time that multiple wouldn't be dirt cheap is if the company looks like it is going downhill.
In the Feb 14 report, the CEO was bullish and although acquisitions might be a little behind schedule the diversity they provide (not just an Oz customer base) is promising. Nothing to suggest it is a company going downhill.
WEB have also just responded to ASX price enquiry and reiterated EBITDA of $21.5m for 2014. That would be a reasonable result for a $185m market cap company bedding down acquisitions. My gut feeling is this will take off(pardon the pun) when the year end report is released.
crazy ooking chart pattern, page-3
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$9.23 |
Change
0.010(0.11%) |
Mkt cap ! $3.610B | |||
| Open | High | Low | Value | Volume |
| $9.28 | $9.28 | $9.16 | $6.824M | 740.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4058 | $9.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.23 | 1818 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |