BAP 3.61% $6.31 bapcor limited

Morgan's are forecasting EPS for FY'19 @$ 0.33 per share. This...

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    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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