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.
If we assume house prices fall by 15% as some forecasters have...
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Last
$16.57 |
Change
0.350(2.16%) |
Mkt cap ! $1.412B | |||
| Open | High | Low | Value | Volume |
| $16.22 | $16.57 | $16.21 | $2.004M | 122.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $16.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.57 | 1280 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NCK (ASX) Chart |