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
$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $4.316B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $5.78 | $5.63 | $12.90M | 2.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39401 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.70 | 11762 | 3 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |