Most undervalued FTSE 100 co6 Mar 2024 11:34
Iag should be at least at £2 given its earnings for last year over was £3b, its current enterprise value roughly £16b ( Mcap £7b+ debts £9b)! We should see re- rate soon , I know it’s frustrating for short term investors but I’m optimistic as LTH, I have witness the same on RR, my target price £3+ as i said a few times before , soon as they bring dividend back SP should fly too as the business is profitable, generating good cash flows , operating at pre pandemic level flying hours , only slight concern is capacity which IAg is managing well , they have enough planes to keep up the demand
Dyor