HUM 0.59% 85.5¢ humm group limited

Valuing Hum

  1. 701 Posts.
    lightbulb Created with Sketch. 72
    Would like your inputs if I've missed something

    From 1H22 report
    CNPAT - million

    BNPL (9.7)
    AU Cards 4.7
    NZ Cards 17.5

    Commercial 15.3

    If we need to, we dump BNPL.

    Full year CNPAT = Cards $40m + Commercial $30m = $70m
    Unrestricted cash $131m

    Market cap today = $250m
    minus unrestricted cash
    add debt note ($50m)

    $170m - Hum enterprise value

    PE ratio: 2.5x

    Obviously business performance can be impacted by macro but that impact is unknown at moment

 
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