I am looking forward to the February update to see if the share market begins to recognise the improvements in EPS that this company is making. I have researched how this company SP has been tracking EPS and (not surprisingly) there is a strong correlation between the two but this correlation broke down in May last year after the drop from $7.2 to the average $4.5 we have seen since that point. Since that drop we have had two reads of EPS in the FY24 result in Aug.24 and the AGM 4 months update in Nov. 24 and both of those results have shown that the company's underlying EPS is improving but the SP is not.
Here are two charts and raw data, one is for the recent 3 years with all the reads of underlying EPS Run Rate (eg the latest update of Nov 24 gave us $14.7M underlying EBITDA which when multiplied by 3 and divided by the shares on issue becomes $.54 EPS run rate) and the second for the last 10 years showing EPS
Report Date
EPS Rrate
1
23/02/22
$0.54
2
23/08/22
$0.52
3
23/02/23
-$1.65
4
23/08/23
-$1.13
5
18/10/23
-$0.01
6
23/11/23
$0.06
7
23/02/24
$0.19
8
25/08/24
$0.27
9
23/11/24
$0.54
10
24/02/2025FC
$0.69
MYX Price at posting:
$4.47 Sentiment: Buy Disclosure: Held
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