18-09-2021, 06:58 PM
The results are pretty good despite them transiting to a Direct Selling model. The free cash flow generated is consistent and is abt $120 million per year.
Its a debt free company which means it can even afford to give dividends in proportion to its cash flow generation. If we can value it at 10x times FCF, Best World is a $1.2 billion company which means there is more than 50% upside
Its a debt free company which means it can even afford to give dividends in proportion to its cash flow generation. If we can value it at 10x times FCF, Best World is a $1.2 billion company which means there is more than 50% upside