The Skydive the Beach Group Ltd (ASX: SKB) share price is up 25% over the past year as the adventure tourism specialist continues to post some strong growth with a decent outlook.
Skydive The Beach operates skydiving trips across Australia and New Zealand and is seeing growing demand for skydiving jumps thanks to the growth of inbound tourism and demand from local Australian thrill seekers.
The company also recently completed its first moves into non-skydiving activities, with the acquisition of a Great Barrier Reef tour company and white water rafting company in Far North Queensland.
However, the company’s core business remains skydiving with 18 jump sites in Australia and 3 in New Zealand.
For the full year ending June 30 2017 it is forecasting EBITDA of $21.8 million on revenues of $91.7 million, which would represent growth of 58.5% and 61.5% over the prior year. Its current market value is around $276 million.
The company also expects to pay a fully franked final dividend of 1 cent per share, with the stock likely to go ex-dividend in August or September after the company reveals its full year results.
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Motley Fool contributor Tom Richardson has no position in any stocks mentioned.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.