I know it is very subjective, but what would you consider cheap?
Currently on 6-8x trailing EBITDA (based on what is currently known - ie KME will exceed FY13 EBITDA of $1.2m so say FY14 EBITDA of $1.2 to $1.5m)
with an EV of under $10m = trailing 6 to 8x
For a growing, global franchise with over 600 centres, growing international presence complemented by a industry leading online offering, it offers strong upside. One of the largest tutoring businesses globally that benefits from a high level of recurring income. Could easily command 10x EBITDA (forecast) IMO
Obviously this all assumes that there is no downgrade coming!
Ann: Change in substantial holding, page-16
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Last
45.0¢ |
Change
0.010(2.27%) |
Mkt cap ! $27.00M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 44.0¢ | $7.381K | 16.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13807 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 15000 | 1 |
View Market Depth
| Last trade - 15.48pm 22/11/2024 (20 minute delay) ? |
| KME (ASX) Chart |
