Not a surprise to see the rebound of Enero's share price today, in good volumes.
It is difficult to expect a large derating of this company, as a larger part of their results now comes from OB Media, which has a profile of structural growth (and is already very profitable).
Based on FY 21 figures, their 51 % share in OB Media represented 40 % of FY 21 operating EBITDA (excluding minority interests).
So, it is surprising to see that its PE remains so low (in a range of 10-12 x), while they also show a high free cash flow yield* based on FY 21 (even if we correct the free cash flow from minority interests and job keeper payment).
The deterioration of tech valuations may also be an opportunity for Enero to make acquisitions in better conditions, while we know that they'd like to support OB Media growth via some acquisitions.
* after taking into account payment of lease.
strong top line, with almost no cost increase, page-38
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.25 | $89.63K | 70.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 1149 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| EGG (ASX) Chart |