WINS sales jump!
WINS Current 183 Target 336 + 84%
Jul 29, 2022
1 minute read
Sales jumped 38%
Last 5 quarters million dollars
9.9 10.1 12.1 10.5 14.5
Costs down profit up
Last 5 quarters
-67% -63% -76% -90% -76%
Cashflow higher
Last 5 quarters million dollars
0.2 9.1 11.7 -6.4 1.3
Last 12 months change in net cash + 54% of market cap
Last 5 quarters million dollars
-69.1 -56.1 -32.3 -40.7 -39.7
Last 12 months capital + 9% of market cap
Last 5 quarters million dollars
106.4 114.4 108.9 111.0 111.1
Jul 29, 2022
1 minute read
Sales jumped 38%
Last 5 quarters million dollars
9.9 10.1 12.1 10.5 14.5
- Sales jumped 38% in the second quarter to 14.5 million dollars 32% above our 11.0 million dollars forecast.
- This brings the average to 12% growth.
- We predict average growth of 5% in this next 12 months to bring sales to 17.7 million dollars in the second quarter 2023.
Costs down profit up
Last 5 quarters
-67% -63% -76% -90% -76%
- The cash cost ratio went from -90% to -76% profit from -2.1 to 0.4 million dollars in the second quarter.
- The average cost ratio is at -76% now.
- We use the average -74% cost ratio to predict a 1.5 million dollars profit in the second quarter 2023
Cashflow higher
Last 5 quarters million dollars
0.2 9.1 11.7 -6.4 1.3
- Free cashflow went from -6.4 to 1.3 million dollars in the second quarter with lower -0.9 million dollars investment spending.
- Average quarterly Cashflow is at 3.9 million dollars + 29% of market cap.
- We assume lower -0.2 million dollars investment spending which with higher sales gives 4.5 million dollars Cashflow in the second quarter 2023.
Last 12 months change in net cash + 54% of market cap
Last 5 quarters million dollars
-69.1 -56.1 -32.3 -40.7 -39.7
- Cash increased 1.2 to 2.3 million dollars in the second quarter.
- Liabilities increased 41.9 to 42.0 million dollars so net cash improved -41 to -40 million dollars.
- With our forecast cashflow & a -1.0 million dollars equity payout -7.8 million dollars liabilities payment net cash will be -24 million dollars in 12 months time.
Last 12 months capital + 9% of market cap
Last 5 quarters million dollars
106.4 114.4 108.9 111.0 111.1
- WINS 29 quarter capital improved slightly 111.0 to 111.1 million dollars in the second quarter with + 0.1 million dollars from liabilities 0.0 million dollars from equity & will be 120 million dollars in12 months time.
- At the current market value of 55 million dollars based on our forecasts it’s at 0.29 X assets with an 11 years payback & a 2% yield.
- Our cashflow forecast is 17 million dollars which means a 3 X valuation. A 6 X valuation gives a 84% higher target price 336 rupiah.
