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#First Look
*Disclosure: I have taken a position in the company*
Missed opportunity with the ticker code
And WTF was my reaction last week when I first came upon this company. The company released FY24 indicative results AND a presentation. I wonder if the management just couldn't wait to release the results/presentation. Cause the numbers make this company intriguing ... valuation wise.
WT Financial is a dime a dozen company on the ASX. Financial services. More accurately financial advisory services.
So why, WT Financial
- Current market cap is $30m
- Cash at $8m (Debt at HY about $6m)
- Revenue up 15% to $185m
- EBIT up 41% to $5.2m
- NPBT up 51% to $4.4m
- NPAT down 7% to $3.8m (one off income in FY23)
- OCF/FCF approx $4.5-5m
Plus RETURN to DIVIDENDS. 0.4c.
Valuation:
PE = 7.9
P/OCF = 6
P/FCF = 6.7
FCF Yield = 15%
Technical: Increase in volume in recent weeks/months is a bullish sign. Highest weekly volume on record during the 12-16 August week.
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