I doubled my position today, admittedly it is still not a large one. Some very rough numbers:
Backwards-looking (FY23 actuals)
Shares outstanding: 1,368M
SP: A$1.71
FX: 0.67 AUDUSD
Market Cap: US$1,567M
Less cash of US$522M
EV: US$1,045M
At average sale price of US$1,803/oz, AISC of US$959, and production of 535koz, using ~90% ownership that's EV/EBITDA of 2.6xForwards-looking (CY23 guidance)Shares outstanding: 1,368M
SP: A$1.71
FX: 0.67 AUDUSD
Market Cap: US$1,567M
Less cash of US$622M (assuming they add ~US$50M p/q for the next six months - haven't factored dividends though)
EV: US$945M
At average sale price of say US$1,900/oz (bearing in mind the hedge book protection), taking midpoint of AISC US$1,060/oz and midpoint of production guidance, 90% ownership means EV/EBITDA of 2.4x
Happy to take the country risk here for that price. At a SP of A$2.30 just a few months ago it was trading on 3.9x EV/EBITDA.
Cheers
I doubled my position today, admittedly it is still not a large...
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Last
$2.44 |
Change
0.010(0.41%) |
Mkt cap ! $3.352B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.44 | $2.32 | $14.71M | 6.110M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19866 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 7998 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$2.43 |
Change
0.010 ( 0.40 %) |
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| Open | High | Low | Volume | ||
| $2.34 | $2.44 | $2.32 | 1146069 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PRU (ASX) Chart |