Beyond International is most famous as the producer of Mythbusters but they create and distribute a lot of other content - Pooch Perfect, Deadly Women etc.
FY22 showed great turn-around in the second half, returning to solid profit. Full year PAT (continuing ops) of nearly $4m! On a PE of 15, I get a value of 95c! And if you do the numbers on the second half alone, it would be much higher.
Loss making digital-marketing division, Beyond D, was sold in Nov 21 and its 5 months of losses are excluded from continuing operations results. Solid cash could support a dividend or buy-back but will more likely fund organic growth.
Senior management has been buying at much higher prices than current. The market has broken down, probably because the main buyers were insiders and we are in a blackout period but it is also possible that insiders are selling.
My valuation is based on a MC of ~$50M and 61M SOI, rounded down The MC can be justified by profit generating potential and the asset value of the back catalogue.
Very low liquidity.