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$5.54 greencross limited

Also need to take into account debt, can't just look at market...

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daclaw

946 Posts.

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24/05/18

21:17

Post #: 33298681
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Originally posted by LightForce ↑

Comparison with National Vet Care, which has ~60 clinics owned and revenue of ~$82M per year, Greencross has ~180 clinics with revenue of ~$210M per year. NVL has noa market cap of $148M now. Considering that Greencross is ~3 times NVC, just the vet clinic alone that Greencross has, shouldn't it be worth circa ~$400M excluding the retail portion of the company? So, the market is valuing GXL's retail division at less than $70M today? Interesting to understand how the market is pricing stuff...

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Also need to take into account debt, can't just look at market cap. GXL has $275M outstanding debt from memory, NVL has around $20M...

GXL Price at posting: $4.04 Sentiment: Buy Disclosure: Held
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0 Great analysis

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