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
$14.41 |
Change
0.280(1.98%) |
Mkt cap ! $1.228B | |||
| Open | High | Low | Value | Volume |
| $14.05 | $14.49 | $13.83 | $2.019M | 141.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 479 | $14.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.42 | 906 | 16 |
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| Last trade - 13.58pm 19/07/2024 (20 minute delay) ? |
| NCK (ASX) Chart |