Yeah that's right. While COVID-19 has many businesses and industries on their knees, SWF is benefiting from this period of volatile markets, low interest rates, historical levels of cash flowing to seemingly everyone+everything.
Also thanks to SWF's capital-light, highly scalable business model it should continue to roar over the next one to three years, and beyond, even when normal economic activities return.
Shares are still trading at an undemanding valuation:
Forward P/E Ratio (FY20-21)
Shares: 195M. Income: $8.5M*
Therefore EPS = 4.4 cents
Share Price | P/E Ratio
$0.60 | 13.64
$0.70 | 15.91
$0.80 | 18.18
$0.90 | 20.45
$1.00 | 22.73
*Main assumption is that Q4's $0.8M positive cash flow grows inline with current trajectory, which it won't QoQ, but I'm betting it will over the entire FY.
I think SP is tracking very well to hitting 80 cents at this quarter's close.
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