This is nothing more than an interesting fact about how quickly markets move.
On 4 Sept 2020 (less than 2 years ago) WHC shares closed at 85 cents, equivalent to a market cap of $878 million.
At current coal prices of US$400/tn, they are generating:
* About $16 million per day EBITDA; or
* About $10 million per day after tax cashflow (including allowance for tax, capital spend, equipment leases)
So the 4 sept 2020 price represents 0.15x EBITDA (i.e. 55 days of current EBITDA) or 0.24x after tax cashflow (i.e. 88 days). We have already had about 20 days above US$400/tn.
Taking into account debt in Sept 2020 of $788 million, the ratios above roughly double, so 0.3xEnterprise Value / EBITDA.
Anyone buy at 85 cents??!! (my best was at 99 cents)
Fun Fact
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Last
$6.11 |
Change
-0.030(0.49%) |
Mkt cap ! $5.128B | |||
| Open | High | Low | Value | Volume |
| $6.20 | $6.23 | $6.09 | $33.88M | 5.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 9827 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 102036 | 82 |
View Market Depth
| Last trade - 15.38pm 05/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |