Bottom-line upfront
At $3, seems cheap to me. Almost free option on the upside…
Some details
The latest revenue figures:
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:
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:
