TOX 0.00% $2.84 tox free solutions limited

tox valuation

  1. 222 Posts.
    From an FA point of view, what is the goal for this one?

    As a straight base case we should lock in:

    $3m profit (plus several years worth of accumlated tax losses in there). Base case PE of 12. Bugger all debt gives a fully diluted value of $36m / 530m = 6.8c.

    Add in the upside for the plant expansion of say $3m a year (being conservative) and get a valuation of close to 14c.

    Remember that tox is a skin and bones operation at the moment and so using very conservative numbers is wise as costs are harder to contain as the operation becomes more profitable.

    Thoughts / feedback welcome.

    hatless
 
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