UK Equivalent Stock: Dignity PLC, page-5

https://markets.ft.com/data/equities/tearsheet/financials?s=DTY:LSE&subView=IncomeStatement


looks like Dignity generates circa 12.5% ROA ........

ev/ebitda can be a bit misleading (b/c of mr market valuation of said equity) .....

geared to the hilt .....

and its SG&A is obscene !!!!!!!!!!!!!!!!!!!!!

reasons for mr market to "get concerned"
1. earnings on the equity/bond portfolio that underpin the pre-paids, versus inflation in costs for provision of this service
2. ex-growth (propel beating them to make acqusitions..)
3. protect and grow is just "protect" .....

being a bit silly ....

solid co - that has to spend some of the c/flows to "modernise" its customer front end .......

the "back end" is where the opex is ......

cost of gas in fy19/20 to hurt profits ? ......

smile

rgds
V_H