Coast Entertainment Holdings Ltd
CEH: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.90 | Jkv | Cpslnyhb |
Coast Entertainment: Making an Ardent Case for Undervaluation
Shares in renamed Coast Entertainment, previously known as Ardent Leisure, are at a 25% discount to our AUD 0.60 fair value estimate. The recent price underperformance is such that the stock is 14% below the group’s net tangible asset backing of AUD 0.53 per share—a rare find in modern markets for any Benjamin Graham disciples.