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21.5¢ clean seas seafood limited

Norwegian Valuations / Pricing, page-11

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21/04/22

15:24

Post #: 60953236
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Originally posted by fyffee: ↑

So a quick calculation of what the share price should reasonably be:
based on 164,864,000 shares on issue:

production: 3,700,000kg of fish
price per kg: $17/kg
cost of production: $9/kg
overheads, incl D&A: $4/kg
net margin per kg: $4/kg
net earnings pa: $14,800,000 pa
net earnings per share: 9.0 c/share
PE multiple: 12
price per share: $1.08

if production and sales rise to 4,500 tonnes per annum, then net earnings rise to $18m pa, so earnings per share rises to 10.9c/share, so the share price target should be around $1.31. This company is about 45% undervalued at current production and revenue levels.

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Shareholders should be seeing dividends flowing very soon and consequent better recognition in the market.

CSS Price at posting: 60.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 21.5¢		Change 0.000(0.00%)		Mkt cap ! $43.28M

Open	High	Low	Value	Volume
21.5¢	21.5¢	21.5¢	$8.905K	41.41K

Buyers (Bids)

No.	Vol.	Price($)
1	34254	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	299142	2

View Market Depth

No.	Vol.	Price($)
1	34254	0.215
3	33434	0.210
2	7500	0.205
4	122500	0.200
1	15000	0.195

Price($)	Vol.	No.
0.220	299142	2
0.225	1800	2
0.230	50000	1
0.235	50000	1
0.240	51663	2

Last trade - 15.59pm 07/06/2024 (20 minute delay)


Last 21.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
21.5¢	21.5¢		21.5¢	1100
Last updated 10.28am 07/06/2024 ?

CSS (ASX) Chart