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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$7.40 |
Change
0.060(0.82%) |
Mkt cap ! $232.3M |
Open | High | Low | Value | Volume |
$7.35 | $7.40 | $7.35 | $54.71K | 7.401K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6 | $7.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.48 | 6041 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 4 | 7.410 |
1 | 3549 | 7.400 |
1 | 75 | 7.370 |
1 | 498 | 7.350 |
1 | 1986 | 7.340 |
Price($) | Vol. | No. |
---|---|---|
7.490 | 7514 | 1 |
7.500 | 1667 | 1 |
7.540 | 75 | 1 |
7.580 | 2032 | 1 |
7.600 | 2500 | 1 |
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