When you present free cashflow as £0.02 and shares outstanding as 0.04 it’s very unhelpful. Based on my research they did around £25m in free cashflow in 2022 and have 42.2m shares outstanding, so by the looks of things you’re presenting the figures in billions which makes little sense considering there’s not a single figure in the financial statements of this company in the billions range.
When you present free cashflow as £0.02 and shares outstanding as 0.04 it’s very unhelpful. Based on my research they did around £25m in free cashflow in 2022 and have 42.2m shares outstanding, so by the looks of things you’re presenting the figures in billions which makes little sense considering there’s not a single figure in the financial statements of this company in the billions range.
Nice write up mate. Do you think they can expand their margins? I am asking because I am interested in how strong their pricing power is.
Nice write up. But I think you've missed taking their net assets into account in your valuation.