I know they are different businesses with different moving parts but TPW compared to MYR is 23 times more expensive on a market cap to online sales ratio.
TPW 1.65b market cap / 176m online sales = 9.5
MYR 165m market cap / 422m online sales = 0.4
You would think there is latent value in there somewhere when doing 2.5x the sales yet having 1/10th of the market cap.
The issue is they have over $1B in lease liabilities and $300 in payables (primarily to fund inventory) which dwarfs the $78m in debt.
So it is doubtful to me another entity would take on that risk.
The average lease contract by my figures runs another 5 years.
I'd be interested in more detail about the activist shareholders strategy to turn it around.
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Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $657.1M |
Open | High | Low | Value | Volume |
79.0¢ | 79.0¢ | 77.8¢ | $284.8K | 363.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 108528 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.5¢ | 22585 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 101321 | 0.780 |
7 | 45626 | 0.775 |
8 | 95406 | 0.770 |
7 | 28026 | 0.765 |
10 | 134120 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.785 | 22273 | 11 |
0.790 | 41665 | 6 |
0.795 | 72276 | 10 |
0.800 | 133318 | 20 |
0.805 | 58868 | 6 |
Last trade - 14.05pm 10/07/2024 (20 minute delay) ? |
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