Morgan's are forecasting EPS for FY'19 @$ 0.33 per share. This implies a P/E of 17.1x which is the lowest since 2015.
Morgan's also have EPS CAGR for FY'18 to FY'20 at 10% per annum.
Recent presentations by the company line up very closely to Morgan's forecasts.
So the question is what is an appropriate P/E ratio for a business that is growing its earnings at 10% per year and has a long runway of EPS growth opportunities. My thinking is that a P/E around 22 times is appropriate giving a share price of $7.26 which is 8% below its recent high of $7.85
GLTAH
Cheers....................Daicosisgod
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Morgan's are forecasting EPS for FY'19 @$ 0.33 per share. This...
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Last
$6.31 |
Change
0.220(3.61%) |
Mkt cap ! $2.141B |
Open | High | Low | Value | Volume |
$6.14 | $6.33 | $6.09 | $6.896M | 1.100M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1200 | $6.07 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.32 | 1750 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1200 | 6.070 |
1 | 996 | 6.060 |
1 | 400 | 6.050 |
2 | 10333 | 6.000 |
1 | 5000 | 5.970 |
Price($) | Vol. | No. |
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6.320 | 1750 | 1 |
6.350 | 5000 | 1 |
6.380 | 805 | 2 |
6.390 | 3328 | 1 |
6.400 | 8928 | 3 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$6.30 |
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Change
0.220 ( 3.22 %) |
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Open | High | Low | Volume | ||
$6.10 | $6.33 | $6.10 | 167472 | ||
Last updated 15.59pm 29/03/2024 ? |
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