sharpfokus
  • Files1
  • ADMF
  • AVIA
  • BBTN
  • BNII
  • ITMG
  • MEGA
  • MPMX
  • MTEL
  • NISP
  • VICI
  • WOMF4
  • Home
  • CVX
  • FB
  • MAR
  • TSN
  • TWTR
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • WEHA
  • stockbit
  • TIRA
Picture
Other stocks here

WINS a dull result, but more capital paid & very cheap

WINS Current 160 Target 212 + 33%

Apr 29, 2022
1 minute read

Sales declined -13%
Last 5 quarters
-6.9% -3.2% 2.2% 19.8% -13%
  • Sales declined -13.2% in the first quarter to 10.5 million dollars -12% below our 12.0 million dollars forecast.
  • This brings the average to 1% growth.
  • We predict average growth of 4% in this next 12 months to bring sales to 12.3 million dollars in the first quarter 2023.
​
Costs up profit down
Last 5 quarters
-67% -67% -63% -76% -90%
  • The cash cost ratio went from -76% to -90% profit from -0.4 to -2.1 million dollars in the first quarter.
  • The average cost ratio is at -74% now.
  • We use the average -74% cost ratio to predict a 0.1 million dollars profit in the first quarter 2023.
​
Cashflow negative
Last 5 quarters million dollars
4.6, 0.2, 9.1, 11.7, -6.4
  • Free cashflow went from 11.7 to -6.4 million dollars in the first quarter with high -8.0 million dollars investment spending.
  • Average quarterly Cashflow is at 3.6 million dollars now.
  • We assume lower -0.4 million dollars investment spending which with higher sales gives 2.8 million dollars Cashflow in the first quarter 2023.
​
Balance sheet net cash worsened
Last 5 quarters million dollars
-74.0, -69.1, -58.0, -32, -40
  • Cash declined 9.6 to 1.8 million dollars in the first quarter.
  • Liabilities declined 42.0 to 41.9 million dollars so net cash worsened -32 to -40 million dollars.
  • With our forecast cashflow & a -0.1 million dollars equity payout -7.8 million dollars liabilities payment net cash will be -30 million dollars in 12 months time.
​
Capital paid improved , a 33% higher target price
Last 5 quarters million dollars
133, 132.7, 142.6, 146.3, 147.8
  • WINS 29 quarter capital paid improved 146.3 to 147.8 million dollars in the first quarter with a -2.1 million dollars liabilities payment & will be 156 million dollars in12 months time.
  • At the current market value of 48 million dollars based on our forecasts it’s at 0.26 X assets with a 18 years payback & a 0% yield.
  • Our cashflow forecast is 11 million dollars which means an 5 X valuation. A 6 X valuation gives a 33% higher target price 212 rupiah.
MODEL,DATA & CHARTS
  • Files1
  • ADMF
  • AVIA
  • BBTN
  • BNII
  • ITMG
  • MEGA
  • MPMX
  • MTEL
  • NISP
  • VICI
  • WOMF4
  • Home
  • CVX
  • FB
  • MAR
  • TSN
  • TWTR
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • WEHA
  • stockbit
  • TIRA