Yellow Pages Ltd T.Y

National Bk raises target

[HermannHaller]

Still rated Sector Perform, target now $15.50, which they say implies EV/EBITDA multiples of 2.2x 2023 and 1.8x 2024. I can't recall a target price for a company ever being based on such comically low multiples.

Most important in my view is the FCF per share, which is forecast to be $4.70 in 2023 and rise slightly in 2024. The stock is trading at a 32.8% FCF yield. Plus the $50 million in cash on hand, they could buy back every single share in less than 3 years.

[vr6loco]

It is "comical" how low this stock is today, with those multiples. Nobody is promoting this, not the analysts or management. In fact, I think keeping it down to take advantage of the low price for the buybacks.  The only thing against this stock is the reduced revenue every quarter. Which revenue stability should be reached soon, perhaps as soon as 3rd quarter this year or not