Hard to see how earnings do not increase. Perhaps a short term impact from rising wages and a drop in FUM, but the overwhelming demand for fin advice is not stopping. Prices must increase (and perhaps the advice arm will actually make more money)
When the company has ~$17m in net cash ($14.5m from Q1FY23, plus Q2), you're looking at ~$19m0 for a UNPATA figure of $15.7m (~12.3x EV/FCF)
Not cheap for most, but FID has managed mid teens EPS increases for a long time. Buying at an 8% FCF yield on a stream growing at ~14% p.a. is a bargain. Even if growth slows (unlikely as op leverage kicking in) it's cheap.
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Last
$8.57 |
Change
-0.020(0.23%) |
Mkt cap ! $269.7M |
Open | High | Low | Value | Volume |
$8.59 | $8.59 | $8.49 | $573 | 67 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 984 | $8.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.57 | 305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 984 | 8.310 |
1 | 500 | 8.300 |
1 | 99 | 8.260 |
1 | 1999 | 8.220 |
1 | 500 | 8.210 |
Price($) | Vol. | No. |
---|---|---|
8.570 | 305 | 5 |
8.590 | 816 | 2 |
8.610 | 1 | 1 |
8.630 | 1 | 1 |
8.650 | 1001 | 2 |
Last trade - 13.11pm 07/10/2024 (20 minute delay) ? |
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FID (ASX) Chart |