Well..... I was revisiting an old Alto Capital report from 2013 and boy...have times changed. Here you go.......expand on this guys! Have a look at the comparison chart on the left hand side of the report, near the beginning.
Just on UNV.... I'm not a fundamentalist that much, more technical but if I compare the 2 -
UNV - "The company sold 4.7 million tonnes of coal in FY18 — a 57 per cent improvement over the prior year — and it forecasts it will produce 6 million tonnes this financial year. Earnings before interest, taxes, depreciation and amortisation for FY19 is predicted to climb 29 per cent to $93 million"
So if we divide that by 4, you get just over 1Mil ton/yr...which is where IEC is headed right? That would make the EBITDA $23.25Mil. Now if I go waaaaaaayyy out on a limb here (partly because I'm not factoring many other things like ownership, coal quality, workforce size, royalties etc etc whatever...... If I divide UNV's market cap by 4, you get $44.5Mil. ($178/4)
IEC is selling 1/4 of the coal UNV did (a bit less) and we only have a market cap of $4Mil?
UNV does pay a divi though and they have some big expansion plans (8Mil tonnes of coal for 2019) I was just trying to find some comparisons. Anyone got any others?
