If we assume house prices fall by 15% as some forecasters have predicted, and there is a high correlation between the furniture industry and house prices, NCK's revenue may come in at $306mln (0.85 x $360mln).
If we assume stable gross margins of 63%, the P&L would look something along these lines:
Gross profit $192mln
Opex ($112mln)
Depreciation ($36mln)
Finance costs ($8mln)
Profit before tax $36mln
NPAT @ 30% tax rate = $25mln
That is a -70% drop from FY21's NPAT of $84mln, and one hell of a profit downgrade.
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Last
$13.40 |
Change
-0.410(2.97%) |
Mkt cap ! $1.142B | |||
| Open | High | Low | Value | Volume |
| $13.70 | $13.70 | $13.33 | $3.276M | 243.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5710 | $13.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.47 | 654 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| NCK (ASX) Chart |