Im happy to be short this company with an Enterprise value above $5B.
After a quick skim a few things were worth looking at.
Cash flow from operating actives and investing cashflow generated only $32M.
Payables grew $20m while receivables grew $6M helping the above cash by $14M.
Borrowings increased $429M.
Other financials assets current and non current are $103M (up from $72M year before) which are funds owed by franchisees. Id say this is a risky debt if the franchisees cant afford to pay.
Royalties, franchise service and supplier fees brought $326M income to the company vs $251M the year before. Pretty big income increase in this area- is it sustainable?
Ann: FY18 Appendix 4E / Annual Report, page-2
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Last
$32.60 |
Change
0.010(0.03%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $32.56 | $32.66 | $32.28 | $5.633M | 173.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 704 | $32.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.61 | 305 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
