WES 0.72% $54.26 wesfarmers limited

returning to PE of 18 to $ 29.66

  1. 4,081 Posts.
    lightbulb Created with Sketch. 31
    The evidence suggests that WES sector is in a bear market.
    The retail sector reasonable Pe rations are around 14 to 18.

    The only reason WES has a Pe of 30 is due to the low return for cash in the bank which is .5%. Investors are chasing yield and in doing so are driving share prices to ridiculous levels.

    The director of WES expected that 15% of profit was driven by panic buying. If this is correct you can reduce the share price by 15% without any other factors. If the there is a market correction you can reduce the share price by 30% based on a reduction of PE back to reasonable values.
    49.85 minus 15% $42.37 minus 30% $29.66

    If there is recession prices could fall to $25 to $27
    March 26 2020 it was $32
    Since march 2021 WES has lost 12% of its value.


 
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$54.26
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$53.49 $54.59 $53.46 $51.13M 943.2K

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$54.26 13042 2
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$54.35
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