Yes, annualizing a single prior quarter is fraught with danger.
To make it more forward-looking, and using my assumptions above, if I plug in US$1,000/t average realised price (converted to AUD at 0.67) then quarterly EBITDA is A$236M and based on today's share price the EV/EBITDA multiple is 21x.
The second half EBITDA will continue to sink as the pricing mechanism falls more into line with reported spot prices.
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Last
$5.85 |
Change
0.100(1.74%) |
Mkt cap ! $4.430B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $6.01 | $5.64 | $25.69M | 4.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11429 | $5.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.87 | 3743 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |