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Metcash (ASX:MTS) deep dive: Contact AM's Will Culbert dives into Australia's leading independent supermarket retailer

Australian Investors Podcast

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Metcash's Valuation Is Undervalued

I'm curious how you think about valuation of a business like this. Metcash has been through some trying times and back from a share price perspective. The return on invested capital is close to 20%, which is excellent. Balance sheet solid, the cash flow generation is looking quite attractive over the next couple of years. But we just can't reconcile why would Metcash only trade on 12 and a half, 13 times per year multiple.

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