Refer to financial results from Aug last year and also note that...

Refer to financial results from Aug last year and also note that $84M was Net Cash Position. Deducting $14M delay (note this is a delay in payment but forgone revenue), Now, The devaluation of the village will result in a non-cash pre-tax charge of $7.0 million to the interim results for the half-year ending 31 December 2019. Considering all these, the company still has $60M net cash position ($84-$14-$7-$3 for NZ). Also to note that NZ issue will not have any material impact but the delay in earning. As of 31.01.2020, DCG market valuation is based on $0.41 share price is $98M which is expected to generate about $663M revenue in current FY and has P/B of 0.44 and P/E of 6.68. With all these details, (my opinion only) DCG is currently undervalued and its BUY for me......

FY19 FINANCIAL RESULTS
▪ Record Construction & Engineering (C&E) revenue of $659 million (up 96% on pcp)
▪ C&E EBITDA of $27 million
▪ Group EBITDA of $24 million
▪ Operating cash flow of $29 million before interest and tax
▪ $84 million net cash position at 30 June 2019
▪ 2 cent final dividend
▪ Total order book (contracted and preferred) at record level of ~$900 million
Decmil Group Limited (ASX: DCG) (“Decmil” or “Company”) has today released its financial results for
the 2019 financial year.