@cjarma01
12 months cash receipts of $100.5M & cash balance of $56.2M. Will burn about $5M cash Q4 FY23 = $51.2M balance & break even.
$115.6M MC / $100.5M TTM revenue = x1.15. Should re-rate to x3 TTM to around $300M MC when market improves for small caps.
BTH $291.5M MC / $125M FY23 revenue = x2.33. BET has x2 upside in comparison.
With BET 10% revenue growth to $110M TTM x 3 = $330M MC.
$115.6M MC - $51.2M cash after Q4 FY23 = $64.4M EV.
About $5M cash burn per quarter. Staff overheads to reduce from $91.5M to $70M per year from Q1 FY24 = $21.5M / 4 = $5.375M per quarter.
Cashflow break even from Q1 FY24.
BTH & MP1 trading at around x60 EBITDA.
Assuming BET can make $5M EBITDA FY24 x 60 = $300M MC or about 32c SP in a year.
$100M revenue = break even & with 10% revenue growth FY24 = +$10M revenue FY24 x 50% EBITDA = $5M EBITDA forecast.
Will become a takeover target when generating EBITDA.Broker Consensus
Breakdown 5 Buy·1 Hold·0 Sell Recommendation Strong Buy Last Updated 01/06/23
Fair Value Estimate0.404BET is trading below its Morningstar Fair Value Estimate.
Might get pushed down to 10c before it bounces.
- Forums
- ASX - By Stock
- Undervalued Cash flow positive business
@cjarma0112 months cash receipts of $100.5M & cash balance of...
-
- There are more pages in this discussion • 397 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 BET (ASX) to my watchlist
|
|||||
Last
8.8¢ |
Change
-0.002(2.22%) |
Mkt cap ! $84.93M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.6¢ | $35.08K | 401.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78915 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 143912 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78915 | 0.088 |
1 | 99963 | 0.087 |
1 | 100000 | 0.085 |
2 | 361720 | 0.083 |
3 | 170000 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 143912 | 5 |
0.091 | 36584 | 2 |
0.092 | 35000 | 2 |
0.093 | 50000 | 1 |
0.094 | 95966 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |