Morningstar $15 valuation is still laughable, at $15/share, with 101.35M shares outstanding, GYG's Market Cap will be $1.5B
FY2024: GYG's FCF was a mere $23M
Balance Sheet shows GYG has ~$300M Cash with no debt.
EV will be $1.5B Market Cap - $300M Cash = $1.2B
$1.2B is 52x FCF $23M, which is 1.9% FCF Yield (1/52)
GYG will need to grow at 30% annually for 4 years straight to reach $65M FCF so that FCF Yield is 5.4%, higher than 5% government bond with the least risks.
You'd have to make a lot of heroic assumptions for GYG to grow 30% annually for 4 years straight.
Morningstars Analysis of GYG and IPO price, page-164
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Last
$38.71 |
Change
0.080(0.21%) |
Mkt cap ! $3.925B | |||
| Open | High | Low | Value | Volume |
| $37.74 | $38.98 | $37.40 | $6.606M | 171.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13 | $38.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.73 | 764 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| GYG (ASX) Chart |