It is probably because the company doesn't disclose enough info to properly calculate, but I think this is overly simplistic.
The issue is that it is possible that it is way off as working capital changes, Capex, taxes etc. are not properly accounted for with that method.
Where is Nuix going to find the money?, page-32
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Last
$3.34 |
Change
-0.060(1.76%) |
Mkt cap ! $1.080B | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.41 | $3.20 | $4.809M | 1.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4345 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 25044 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| NXL (ASX) Chart |