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12.5%

0.7¢ rectifier technologies ltd

RFT supplies Tritium whom supplies IONITY, page-22

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Travis Cloke

832 Posts.

51

13/07/18

14:02

Post #: 34328655
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Originally posted by BRAGG ↑

The EBITDA/Revenue margin has been around 11% in the past but may improve on higher volumes. Interest expense and Depreciation are minor. So it all comes down to what is your estimate of sales and the P/E to apply.
It's all pie in the sky but I'm estimating sales of $10.5m for the year just finished, $$25m in the year underway and say $40m in 2019/2020. Applying a 12% margin, 25% tax rate and P/E of 25 would see the share price rise to 4 cents based on 2019 and 6.3 cents in 2020.
It may go to 6.3 cents and higher sooner if you subscribe to the view that the market looks 18 months to 2 years ahead and at some stage excessive optimism will push it above value.
The sales estimate is obviously the rubbery part of the calculation. Not even sure if the RFT plant in Malaysia can accommodate such a big increase in sales without capital expenditure. Hopefully it can and more.

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Given the first half of the year was underwhelming and doubts as to whether recent announcements will be included in 17/18, I think a NPAT of $1million would be a good result with better expected in 18/19.

RFT Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $9.673M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$991	141.6K

Buyers (Bids)

No.	Vol.	Price($)
1	258377	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	4566999	12

View Market Depth

No.	Vol.	Price($)
1	258377	0.007
20	5935888	0.006
12	2627942	0.005
2	1000000	0.004
2	765001	0.003

Price($)	Vol.	No.
0.008	4566999	12
0.009	1494512	4
0.010	343189	2
0.011	1359000	4
0.012	72003	2

Last trade - 15.40pm 16/07/2024 (20 minute delay)

RFT (ASX) Chart