Am I missing something?
Based on the H1 forecast, $16m H1 EBITDA, net cash & high operating cashflow conversion - this stock shouldn't be sitting at 73c, but at least at $1.15....?
Has anyone done a detailed valuation?
I'm getting:
H1: EPS 5c; dividend 1.5c
FY21: EPS 8c; dividend 2.5c (implying that H2 is EPS 3c and 1c dividend - due to the $4.8m JobKeeper benefit disappearing in H2)
at EPS 8c, it's trading at 9.3x forward P/E; while peers are trading on double....
So at 15x forward P/E, this should be at $1.17 at least!
Based on a dividend discount model, I'm getting $0.98 as an outcome... so anything north of $1.00 would make much more sense than mid 70s...
Am I missing something or has the market not yet priced in the H1 numbers?
Am I missing something?Based on the H1 forecast, $16m H1 EBITDA,...
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