Coast Entertainment Holdings Ltd

CEH: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.80	Lnyz	Pjyymbkg

Coast Entertainment: Making an Ardent Case for Undervaluation

Brian Han

Jan 2, 2024

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.

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