All Jan-24 options have expired. There’s 47.95m shares and I think there was about ~36.5m beforehand.
My basic valuation right now would be $25m EBITDA for FY24. At a 9x multiple for Indian listing (peers trading around this), that’s $225m. Findi own about 60% of TSI at the Indian IPO (~20% owned by local management and 20% to Piramal) so that’s a value of $135m or $2.80 a share at 47.95m shares.
I know Indian listing is a few years off so if they continue building up EBITDA over the time it will be worth a lot more. I just wanted to provide my rough valuation for now.
I also think FY24 will see a decent dividend!
All Jan-24 options have expired. There’s 47.95m shares and I...
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Last
$7.50 |
Change
0.680(9.97%) |
Mkt cap ! $367.6M | |||
| Open | High | Low | Value | Volume |
| $7.40 | $7.70 | $7.10 | $3.240M | 436.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 10946 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FND (ASX) Chart |