NUF 1.77% $4.61 nufarm limited

I'm thinking 6.5x EBITDA will be somewhere around the 3.20 mark...

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    I'm thinking 6.5x EBITDA will be somewhere around the 3.20 mark when the results come out. Just my opinion as I think they are going to have issues hitting their forecast with the ongoing drought and China problems with the products integration.


    If debt levels are normalized to circa 2.0x - 2.5x EBITDA, I would buy in at that valuation. Wait for upside of a good harvest & a fully integration product line to boost earnings and sentiment over FY20/FY21. All a gamble but at least there would be a good margin of safety, how much more can go wrong!

 
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