@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.
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Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $125.4M |
Open | High | Low | Value | Volume |
12.5¢ | 13.5¢ | 12.5¢ | $249.7K | 1.906M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 336391 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.5¢ | 240893 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 336391 | 0.130 |
3 | 594000 | 0.125 |
10 | 598015 | 0.120 |
6 | 775476 | 0.115 |
6 | 323991 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 240893 | 4 |
0.140 | 779581 | 10 |
0.145 | 788124 | 10 |
0.150 | 2872913 | 14 |
0.155 | 1247818 | 6 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
13.0¢ |
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Change
0.010 ( 4.00 %) |
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Open | High | Low | Volume | ||
12.5¢ | 13.5¢ | 12.5¢ | 744211 | ||
Last updated 15.47pm 10/05/2024 ? |
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