NCK nick scali limited

What Buffett pays for furniture businesses

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    Extract from: http://csinvesting.org/wp-content/uploads/2012/04/buffett_and_nfm.pdf

    Buffett’s purchase price values the business at $61 million. If Buffett bought 90% of the business for $55 million then the balance of 10% is priced at 5.5 million for a total of $60.5 million.

    In 1983 earnings before taxes were $3.8 million and earnings after taxes were $1.5 million. Pre-tax paid by Buffett was 16 times.

    Post-tax P/E paid by Buffett is 41 times.

    Needless to say, NCK is trading at a SIGNIFICANT fraction of that valuation at ~7x post-tax earnings.
 
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Last
$24.12
Change
0.390(1.64%)
Mkt cap ! $2.063B
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$24.17 $24.41 $23.83 $6.487M 268.2K

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2 607 $24.10
 

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Price($) Vol. No.
$24.23 100 1
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Last trade - 16.10pm 05/09/2025 (20 minute delay) ?
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