Note: ANG reports 1hfy25 on Thursday 27th Feb.
I've updated and added several metrics to my prev post and started a new thread.
I am comparing 1H24 with 1H25E (estimates)
Revenue: 174m up 21% (See below for full year estimate)
Ebitda: 33.5m up 61%
Ebit: 24.5m up 48%
NPAT 18.3m up 22%
EPS 2.85c
I am not an accountant and battled a bit as some reports as sometimes the firms using the 'underlying' metric and others the 'statutory' metric. So my figures are an approximation only. (A week ago despite being strongly optimistic re SXE... I significantly underestimated the SXE HY results)
I've had a crack at the FYfy25 results. Historically ANG has a substantially stronger 2H and i have continued with this pattern.
Full Year results ANG
Revenue: 370m up 18% (174 + 196)
Ebitda: 72.2m up 55% (33.5 + 38.7)
Ebit: 51m up 35% (33.5 + 38.7)
NPAT 38.5m up 22.5% (18.3 + 20.2)
EPS 6.1c (2.9 + 3.2)
Using current SP of 44c my Full Year calcs give a PE of 7.2x. Not bad for a stock growing so consistently fast over a 5 year period and with an ROE of about 24%.
ANG is THE dominant player in the most important mining areas around the globe (Africa excepted) for custom made large truck trays along with buckets, UG trays etc. Having its factories and workshops close to these huge mines also gives its customers plenty of confidence.
I'm fully loaded and waiting for Thursday.
GLTH
(20min delay)