Time to buy. By no means is this a great company or one with any durable competitive advantage; but it is cheap.
Had some time today, so went looking for some bargains.
FWD balance sheet
equity value 214 million, includes
goodwill 61 million and intangibles 6 million
=> NTA is approximately 147 million
market capitalisation 84 million
now I want to be even more conservative so I value all their inventories to 0 (45 million worth)
=> revised value NTA - inventories, is 102 million
approximate margin of safety is about 18%
I am happy with that.
This is no perfect valuation (but is there such a thing?), but for a company like this with no long term debt it is just fine.
Now the proviso is that management keeps capital expenditures under control AND do not make any ridiculous acquisitions!
- Forums
- ASX - By Stock
- This is cheap, I am in.
Time to buy. By no means is this a great company or one with any...
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FWD (ASX) to my watchlist
|
|||||
Last
$1.53 |
Change
-0.015(0.97%) |
Mkt cap ! $144.0M |
Open | High | Low | Value | Volume |
$1.55 | $1.55 | $1.53 | $38.72K | 25.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 588 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 344 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 588 | 1.530 |
1 | 19159 | 1.500 |
1 | 14000 | 1.480 |
1 | 13888 | 1.440 |
1 | 14116 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.555 | 344 | 1 |
1.560 | 19847 | 2 |
1.580 | 4321 | 1 |
1.590 | 20000 | 1 |
1.650 | 735 | 1 |
Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
Featured News
FWD (ASX) Chart |