Oct. 23 at 1:59 PM
$FET probably a good time to remind everyone:
At peak pre-covid share price of
$33 in Q1 2023:
- market cap =
$33*10.2mm shares post conversion =
$336MM
12/31/2022 NET debt post conversion was
$134MM LT debt-
$51MM cash =
$83MM
Resulting EV =
$419MM
Finbox LTM EBITDA
$46MM, LTM CF from ops negative
$17.1mm
Today.
Assuming ~11mm shares outstanding at 12/31 post buyback.
Market cap is
$330MM, net debt was
$126MM on Q2 call and falling
But EV today is
$456MM ish.
Finbox LTM EBITDA
$78MM, LTM CF from ops
$89MM!!!
FCF yield to equity even at
$50MM of CF is >15%.