I've been asked why I used EBITA (earnings before income tax & amortisation) in this analysis.
Easy answer; it's the best measure of positive cash flow for an operating business.
Why? Income tax depends on the govt policy environment as well as tax free periods etc. Similarly amortisation (essentially like depreciation). For example we know that Lynas are rapidly depreciating their LAMP C&L assets to get them off the balance sheet. Similarly interest on loans or cash assets don't reflect on the business' operational health.
As I said, I believe breakeven is less than half current Nd pricing.
This leaves Lynas with a very healthy margin on strongly expanding production.
NdPR price, page-1612
-
- There are more pages in this discussion • 1,036 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |