Pinned straw:
Vysarn is well positioned and funded as it enters FY2026. The Company has solid cash reserves, anticipates a continuation in strong operational cashflow, is underleveraged, has access to material acquisition and growth debt facilities, and has identified multiple acquisition growth targets that have the potential to provide further scale and diversification.
In executing this strategy, the Company’s board and management will continue with their strict focus on capital allocation, building scale through diversification, and delivering long term and sustainable value for its shareholders.
This is just an amazing business.
Return (inc div) 1yr: 44.83% 3yr: 93.47% pa 5yr: 41.77% pa
Vysarn looks expensive at current levels. But when you factor in the future with the Pilbara water project this could be cheap as it will make the income less lumpy
Fy26 npat is 20m so trading at around 15x forward PE.
Now top holding so won't be adding.