What a Quarter! – So Cheap Given EBITDA GROWTH!!! The EBITDA growth here is massive, throw on top of that the Mw growth they will be seeing in the second half of the year given their preannounced drill program and this name is so cheap.
If you just annualize the 14MUSD EBITDA number they put up in Q2 that gets you to 56MUSD annualized or 73M in CAD dollars. With a market cap of 260M you are only looking at an EBITDA multiple of only 3.5x for a utility! This is RIDCIULOUS!!!
Putting a realistic 8x EBITDA multiple on the business and you get a 37.00/share price or over 115% upside. Perfect candidate for valuation re-rating.
Div Increase doesn’t hurt!