Bottom-line upfront

At $3, seems cheap to me. Almost free option on the upside…

Some details

The latest revenue figures:

goed2

Full diluted share count: 197.8M

Forecasted 2021 EBITDA: $60M

Net cash: $257.1M

Net Working Capital: -$29.9M

Market cap @ 3.20$: $633.2M

==> EV: $406.0M

==> Forecasted EV/EBITDA: 6.7x

Here’s a tweet from @capy_capital with the details:

goed

At share price of:

  • $4: EV = $564.0M, EV/EBITDA = 9.4x
  • $5: EV = $761.8M, EV/EBITDA = 12.7x
  • $6: EV = $959.6M, EV/EBITDA = 16.0x

A long thread on GOED from @specialsit1:

goed-forecast1

goed-forecast2