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.
News: Myer H1 profit drops 19.8% , page-5
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Last
85.0¢ |
Change
0.005(0.59%) |
Mkt cap ! $707.0M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 84.5¢ | $228.9K | 269.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 25000 | 84.5¢ |
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| Price($) | Vol. | No. |
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| 85.0¢ | 4366 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MYR (ASX) Chart |