The prospectus listing price valued the company at a PE of 10 (more or less). Currently the enterprise value is around ~205m (mkt cap less ~30m cash). At a PE of 10, FY22 earnings are therefore expected by the market to be around $20m. FY21 guidance earnings are $28m. The way I see it, a significant drop in FY22 earnings is built into the current SP (~28% drop in NPAT expected which probably translates to around a 20% drop in revenue for FY22).
I for one can't see revenue dropping by that amount as I see no reason for customers who purchased during the lockdowns to stop now. There is still a lot of work from home going on and the economy is strong.
If FY22 can hold FY21 earnings, a PE of 10 would give a stock price in the mid $4s. That is where I think the SP will end up if the results are good with positive outlook.
It looks like we may have to wait till around August 20 to find out.
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$1.05 |
Change
-0.030(2.78%) |
Mkt cap ! $66.15M |
Open | High | Low | Value | Volume |
$1.08 | $1.08 | $1.04 | $73.92K | 69.40K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 19162 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.06 | 4578 | 2 |
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No. | Vol. | Price($) |
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4 | 19162 | 1.040 |
1 | 10000 | 1.035 |
1 | 1764 | 1.030 |
2 | 10029 | 1.020 |
1 | 1016 | 1.010 |
Price($) | Vol. | No. |
---|---|---|
1.060 | 4578 | 2 |
1.065 | 3821 | 3 |
1.070 | 3233 | 1 |
1.075 | 46879 | 2 |
1.080 | 18016 | 2 |
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