You want numbers?
Sales are <$3b.
Mature businesses can't be valued on a multiple of gross profit. They are valued on discounted cashflows.
This is a difficult company to value as they have large depreciations, which are probably one-offs and changed is WC are changing every year.
I calculated an NPV of $212m. It is probably true that breakup value is higher than DCF, but it isn't likely that the company would be broken up, so this isn't factored into the valuation. I have used a 10% discount rate.
A large contributor to the valuation is the negative growth. There is no evidence that profits will ever rise.
I dismiss outright that retail is in a slump. The statistics do not support that theory.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
59.8¢ |
Change
-0.003(0.42%) |
Mkt cap ! $1.028B | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.5¢ | 59.5¢ | $690.3K | 1.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 288065 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 198873 | 19 |
View Market Depth
| Last trade - 11.08am 24/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |