RLGT - Radiant Logistics: Still Undervalued After Boost From Supply Chain Disruptions Ends
Summary
- Radiant Logistics continues to have strong financial results despite a boost from supply chain disruptions and COVID-19 test kit chartering to its business fading.
- In Q3 2022, net revenues rose by 17.9% year on year to $76.5 million while adjusted EBITDA increased by 27.3% to $18.5 million.
- In addition, Radiant bought back over half a million shares in the four months ended October 2022 while its net debt went down below $20 million.
- I think the company should be trading at about $9.50 per share, but I rate it as a speculative buy due to deteriorating global macroeconomic conditions.
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Radiant Logistics: Still Undervalued After Boost From Supply Chain Disruptions Ends