What is the forecast ebitda for FY2019 now that the merger has gone ahead . Nine before the merger still maintained 280m to 300m ebitda for FY19, can't find any data on what FXJ was forecasting for FY19 ebitda - my guess 275m as roughly earned in FY18.
With Synergies from the merger , on going cost cutting at nine and fairfax should boost ebitda for FY19 towards 600m and 630m for FY20.
Ev/ebitda post merger somewhere around 4 times FY19 . Seems low compared to what nec and fxj have historically traded at. That 4 times could easily rerate up to 6 times imo in better market conditions.
Debt level post merger seems reasonably low , the interest and div is more than covered by cashflows.
If they maintain the 10c div paid by nine before the merger then the current yield is attractive at 7% FF .
https://www.marketindex.com.au/asx/nec
What is the forecast ebitda for FY2019 now that the merger has...
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