RE:RE:RE:RE:RE:RE:RE:Topicus vs ConstellationTorontojay wrote: For the last twelve months I get cash flow before changes in non cash working capital of Euro 164.6 M or ~ Cad $243.6 M
Market cap to cash flow ratio of ~ 14.2 which is very low given their growth rate.
You need to use diluted market cap though, as when the new shares are converted, the cashflow will stay the same but the market cap will climb to around $11B. $11B / 250M = 44x market cap to cash flow.