8/29/2013

Industry’s Lowest Value With Deepest Discounted Stock Price Trading at 52 Week Low



Great Lakes Aviation (GLUK ) is a regional airline company.  It operates as an independent carrier in the United States. GLUK is a tiny OTC listed nano cap that is illiquid.  47.30% is held by insiders. Even though operations are below historical performance they are still profitable. Using the two valuation techniques intrinsic and relative valuation GLUK is selling at a discount. An intrinsic value calculation using a DCF model or relative valuation by comparing to other companies in the industry GLUK market value is trading at a large discount.

Note the gross profit for TTM was 70.11M versus a Market cap of just 9.87M and 33.60 for Enterprise Value. Valuation is trading at historical lows. Total assets are 81,550,671 versus an enterprise value of only 33.60M. GLUK owns all 34 aircrafts consisting of 28 19-passenger Beechcraft 1900D aircraft and six 30-passenger Embraer Brasilia aircraft. The average age of our fleet is approximately 18 years.

GLUK current price = 1.10

Price/Sales:      0.08 , Enterprise Value/Revenue:        0.26
Price/Book :       0.27 , Enterprise Value/EBITDA : 2.84
Market Cap: 9.87M , Enterprise Value:       33.60M
Revenue (ttm):  130.43M , Qtrly Revenue Growth (yoy):     -15.20%
Gross Profit (ttm):     70.71M , EBITDA (ttm):  11.82M
Total Cash Per Share :     0.31 , Book Value Per Share (mrq):     4.23
52-Week Change:        -30.30% ,
52-Week High (Nov 5, 2012):    3.01 , 52-Week Low (Aug 28, 2013):   1.15
Shares Outstanding:    8.97M , Float:  3.55M

Today’s (08/29/13) insider purchases only for micro cap value stocks.
HSON continues to buy shares along a diverse group of insiders. COSI had relatively strong insider purchases by Lloyd Miller.COSI shares are also owned by Royce.


Click for quotes on COSI,HBIO,HSON,LRAD

Click on table below to enlarge:















No comments: