This is far too cheap by any valuation metric on an absolute, comparative and precedent basis.
The current share price and implied Enterprise Value / EBITDA doesn't reflect the oil cycle let alone price shocks in relation to the middle east. The market is pricing in an acquisition. A $3.0 per share price hardly stretches multiples. I suspect KAR will be a takeover target by a larger group if we're still sitting here in 6 months without an acquisition.
This is far too cheap by any valuation metric on an absolute,...
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.34 | $4.466M | 3.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15786 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1601 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |