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.
I know they are different businesses with different moving parts...
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Last
78.8¢ |
Change
0.003(0.32%) |
Mkt cap ! $652.9M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.0¢ | 78.5¢ | $11.17K | 14.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12554 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 24850 | 4 |
View Market Depth
| Last trade - 10.21am 10/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |