Guzman y Gomez is debuting on the ASX tomorrow!
Guzman y Gomez was founded by two Americans in the heart of Newtown, Sydney, in 2006.
Now with a total of 210 restaurants in Australia, Singapore, Japan and the U.S., Guzman y Gomez is considered by many as one of the biggest success stories in the Australian hospitality industry.
In FY23, GYG recorded an overall corporate restaurant margin of 16.8%. Its Australia-based restaurants actually recorded higher margins, however this was offset by losses in its U.S.-based restaurants. GYG targets a corporate restaurant margin of 20% in the coming years.
Since FY18, GYG has shifted between profitability and loss. Its latest full-year results (FY23) showed a pro forma net income of A$3 million, however its statutory income statement showed an overall net loss of A$2.3 million.
Guzman y Gomez plans to debut on the ASX on 20 June 2024 under the ticker GYG (surprise!).
GYG’s initial IPO offer size was A$242.5 million, however this was recently beefed up to A$335.1 million following high demand from institutional investors.
Of that amount, GYG will be receiving A$200m, with the rest going to selling shareholders.
The offer price in the IPO is $22 per share. GYG’s market cap is set to be A$2.23b based on this offer price while its enterprise value is set to A$1.95b. More explanation on enterprise value in the next sections.
As always, it is essential to conduct your own research and due diligence before making any investment decisions. Superhero does not provide financial advice that considers your personal objectives, financial situation or particular needs. All investments carry risk so please consider carefully before investing.
Now with a total of 210 restaurants in Australia, Singapore, Japan and the U.S., Guzman y Gomez is considered by many as one of the biggest success stories in the Australian hospitality industry.
In FY23, GYG recorded an overall corporate restaurant margin of 16.8%. Its Australia-based restaurants actually recorded higher margins, however this was offset by losses in its U.S.-based restaurants. GYG targets a corporate restaurant margin of 20% in the coming years.
Since FY18, GYG has shifted between profitability and loss. Its latest full-year results (FY23) showed a pro forma net income of A$3 million, however its statutory income statement showed an overall net loss of A$2.3 million.
Guzman y Gomez plans to debut on the ASX on 20 June 2024 under the ticker GYG (surprise!).
GYG’s initial IPO offer size was A$242.5 million, however this was recently beefed up to A$335.1 million following high demand from institutional investors.
Of that amount, GYG will be receiving A$200m, with the rest going to selling shareholders.
The offer price in the IPO is $22 per share. GYG’s market cap is set to be A$2.23b based on this offer price while its enterprise value is set to A$1.95b. More explanation on enterprise value in the next sections.
As always, it is essential to conduct your own research and due diligence before making any investment decisions. Superhero does not provide financial advice that considers your personal objectives, financial situation or particular needs. All investments carry risk so please consider carefully before investing.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
