This company has a lot going for it in my humble opinion.
Firstly, here we have a company that trades for only $2.99, but has a cashflow valuation of $3.37, a ROE valuation of $4.70 and a P/E valuation of $4.21?
"But wait there's more!"....
- less shares on issue than 5 years ago
- Debt free, (had 85M debt now $55m cash)
- Priced today at 71% of it's book value
- Priced at 45% of sales
- Priced at 81% of its net tangible assets
- Management? Just achieved its best year for Return on shareholder's equity
- In an industry benefitting from declining interest rates and cyclical low point in construction industry.
- Small enough market cap to slip under the radar of most institutions
- Management? Just achieved its best year for operating margin
- Customer satisfaction levels improving.
- $14 million franking credits on the books
- Expanding into booming Gladstone fluids market, ditching unprofitable components.
- Honest, transparent and optimistic management.
- 7.35% prospective fully franked yield
Negatives? well...there's a couple:
1/.a struggling fasteners buisness, I'll back management to turn this around or flog if they cannot.
2/. year on year earnings are down slighly this year so far.
CONCLUSION: this will grind higher in time making for a very attractive medium to long term investment.
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Last
$1.36 |
Change
0.010(0.74%) |
Mkt cap ! $145.9M |
Open | High | Low | Value | Volume |
$1.36 | $1.36 | $1.36 | $3 | 2 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 3960 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3426 | 0.880 |
1 | 10000 | 0.840 |
1 | 6801 | 0.830 |
1 | 37805 | 0.820 |
1 | 6900 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 4585 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.15pm 22/11/2024 (20 minute delay) ? |
CYG (ASX) Chart |