Market Cap: $5.0 million EV: $36 million EV/EBITDA: 5x
SSH is trading at a 5x EV/EBITDA multiple which should reduce as the EBITDA margin improvements made over the past year flow through to continuing operations in FY25.
Geographical and resource diversification through acquisitions similar to KMH in Kalgoorlie, Ravensthorpe or other areas would help to provide additional avenues for growth and protect against macro-economic factors such as lower iron ore / nickel prices that led to lower equipment and people utilisation.
From a high level, looks like there is substantial value in SSH that is currently unrealised and being overlooked by the market.
SSH Price at posting:
7.6¢ Sentiment: Buy Disclosure: Not Held
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