Free cash flow yield = 54%Akita is scheduled to report wednesday after the close.
Trading at a P/E below 3
Trading at .4 time book
Trading at EV/free cash flow yield of 1.8
Trading at an amazing free cash flow yield of 54%
Trading at 1.2 time EV/ EBITDA
With tax assets of more than $1.90 / share in the US and with more than 70% of sales in the US
it won't be paying income taxe before 2030.
This is one of the cheapest if not the cheapest stock on the TSX.
Their is only one analyst following Akita and he is forcasting a profit of 6 cents / share for the coming quarter
I can't predict when Akita will start to move.But i am very comfortable holding until it trades
at a more realistic valuation.
Akita reminds me of another of my small cap holding witch is ADF Group (DRX)
I started buying below $2 in 2021 and in 2022.Fast forward to today and the stock is norh of $5.
I have more than double my investment and the best is yet to come for DRX
Same thing will happen with Akita.Will it take 3 months, 6 months...
Who knows, but what i do know is that it won't trade at these crazy low level VS their assets value and the improved balance sheet that is occuring every quarter that passes.