Hello fellow GNP shareholders.Curious if anyone agrees or...

Hello fellow GNP shareholders.

Curious if anyone agrees or disagrees with my numbers for FY22.

Operating EBITDA ~ $36m
D&A ~ $5m
Lease Exp. ~ $5m
EBIT ~ $26m
Interest ~ $2m
EBT ~ $24m
Taxes @ 30% ~ $7m
NPAT ~ $17m
eps ~ 11c

NPAT ~ 17
plus
D&A ~ 5
minus
Capex ~ $8m
FCF = $14m

NTM EV/EBITDA = 4.4x
NTM EV/FCF = 11.4x
NTM EV/FCF YIELD = 8.7%
NTM PE = 11x

I believe GNP appears very attractive compared to competitors in say Service Stream (SSM.AX)
Service Stream
EV/EBITA = 7x
EV/FCF = 13x
EV/FCF YIELD = 7.5%
PE = 11x

I may be bias but I believe GNP to be a far superior business to SSM.
GNP
ROE = 26%
ROCE = 40%
ROIC = 25%

SSM
ROE = 9%
ROCE = 11%
ROIC = 10%

As can be seen from the above figure GNP is a far superior business but trades at a discount to SSM.