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Asta Funding Inc. Message Board

  • bluesdoc98 bluesdoc98 Aug 28, 2011 9:30 PM Flag

    ASFI Valuation

    I am a relatively new ASFI shareholder. I am a balance sheet/cash flow value investor and I find financials relatively difficult to value. With ASFI I subtracted the cost to purchase collectibles along with CAPEX from operating cash flow and assumed 0 growth and a 15% discount rate to value the TTM free cash flow. On the balance sheet I subtracted total liabilities from cash and 75% of AR to come up with a conservative book value. I think the stock is currently worth $12.50 to $13.

    Does that seem reasonable to those of you who are serious longterm investors?

    TIA,

    doc

 
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