CSR 1.39% $3.56 csr limited

sum of parts valuation of csr

  1. 75 Posts.
    By rough calculation:

    http://www.theaustralian.com.au/news/csr-sugar-demerger-makes-sense-but-why-the-rush/story-0-1225737024192

    "Buildings products companies generally trade at a multiple of 6.5 to eight times EBITDA, whereas agribusinesses trade at a higher multiple of eight to 10 times. Graincorp is trading at a multiple of 7.2 times, Nufarm at 8.6 times and ABB at 9.2 times, although that includes a takeover premium element because of the Viterra offer.

    The EBITDA of the sugar business is about $140m-$150m and a multiple of 10 times would give an enterprise value of $1.4bn-$1.5bn. The EBITDA of the remaining activities is about $300m and a multiple of eight times would produce an enterprise value of $2.5bn, for an aggregate value of $4bn."

    CSR shares outstanding: 1.316 bn
    EV of sugar (and indicative price by Bright Foods): 1.5 bn
    EV of building: 2.5 bn
    EV (cash) per share of sugar: $1.14
    EV per share of building: $1.90
    Sum of parts EV per share: $3.04


 
watchlist Created with Sketch. Add CSR (ASX) to my watchlist
(20min delay)
Last
$3.56
Change
-0.050(1.39%)
Mkt cap ! $1.727B
Open High Low Value Volume
$3.56 $3.62 $3.53 $2.505M 702.9K

Buyers (Bids)

No. Vol. Price($)
2 20103 $3.56
 

Sellers (Offers)

Price($) Vol. No.
$3.57 1258 1
View Market Depth
Last trade - 16.10pm 07/08/2020 (20 minute delay) ?
(live)
Last
$3.56
  Change
-0.050 ( 1.17 %)
Open High Low Volume
$3.56 $3.62 $3.54 316216
Last updated 15.59pm 07/08/2020 (live) ?
CSR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.