WGN 20.6% 88.0¢ wagners holding company limited

News: WGN Wagners Holding Sees FY24 Unaudited Group Operating EBIT Result Of A$40 Mln, page-3

  1. 4,137 Posts.
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    Looks quite cheap, even after today's rebound.
    According to my estimates, EV/EBITDA 24 of 3.1 x and free cash flow yield of around 12.4 % (ignoring the impact of working capital during H1).

    One reason for the rebound of the stock may be that the company had a significant decrease of its financial risk during FY 24.
    Based on my estimates*, their net debt has decreased by 46 m$ in FY 24, from 93 m$ in June 23 to 47 m$ in June 24.

    * not expecting change in working capital for H2 and same capex and lease than during H1 24.
 
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