Building on @yanlin 's post yesterday
I did a simple valuation of SDV based on the EBITDA figure given in the updated DFS
Assuming 25% project equity sell down then with 13x EV/EBITDA , the TP per share for SDV alone is A$8.44
Column 1
Column 2
Column 3
0
EV/EBITDA
13
1
EBITDA USD (m)
270
2
75% ownership
202.5
3
EBITDA AUD (m)
266.4474
4
Enterprise Value
3463.816
5
Target Market Cap
3543.816
adding back cash and deduct debt (none at this point)
6
TP per share
8.44
Just a bit of calculations using numbers given by no means an investment advice as usual
DYOR Cheers
GXY Price at posting:
$3.10 Sentiment: Buy Disclosure: Held