how do you get $400 million cash flow?
Looking at the morgan stanley analyst estimate:
Operating cash flow for 2012 of $227million rising to $257million in 2016
Free cash flow of $164million for 2012 rising to $198million by 2016.
Remember Myer is a department store, it constantly needs to 'freshen' up its stores so there will always be periodic capital expenditure regardless of new store openings.
Market cap around $1.3billion.
Doesnt seem dirt cheap to me, given the structural environmental risk.
But then again nor does it seem expensive.
I am happy to sit on the sidelines and wait.
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Last
60.5¢ |
Change
-0.045(6.92%) |
Mkt cap ! $1.045B | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 64.5¢ | 60.5¢ | $17.48M | 28.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 368673 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 129521 | 2 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MYR (ASX) Chart |