If you’re going to look backwards at FY23 EBITDA then you have to look backwards at the FY23 market cap for it to make sense. Share price back in June 2023 was $15, for a market cap of around $11.3B.
With the lithium price collapse - and the change to the Greenbushes pricing mechanism - it was only a matter of time before this re-rated downwards.
Calcs here: https://hotcopper.com.au/posts/72502355/single
If you’re going to look backwards at FY23 EBITDA then you have...
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Last
$5.83 |
Change
-0.020(0.34%) |
Mkt cap ! $4.430B | |||
| Open | High | Low | Value | Volume |
| $5.85 | $5.87 | $5.78 | $2.169M | 372.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 9875 | $5.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.83 | 1612 | 14 |
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| Last trade - 10.41am 03/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |