ADH 0.33% $1.50 adairs limited

speeding fine?, page-23

  1. 87 Posts.
    lightbulb Created with Sketch. 19
    In one scenario where Adairs achieves 10-12% growth in profit before tax for next 2-3 years, I believe ADH at this level is bargain especially when we are looking at very low interest rates and bond yields. Westpac is expecting 0.75% by sept-oct, in these circumstances there is no reason ADH should be trading at PE of around 10 even with zero growth in PBT. 45m in PBT with market cap of 350m gives one the return of 12-13% a year.
    I think its very likely for ADH to achieve 10-12% growth with 6-7% organic and rest with new stores openings for next few years, even with lesser or no growth I think its fair to pay $2.70 per security, that is $450 market cap for $45m return before tax.
watchlist Created with Sketch. Add ADH (ASX) to my watchlist
(20min delay)
Mkt cap ! $247.9M
Open High Low Value Volume
$1.50 $1.53 $1.49 $360.4K 240.1K

Buyers (Bids)

No. Vol. Price($)
1 4569 $1.50

Sellers (Offers)

Price($) Vol. No.
$1.50 60444 4
View Market Depth
Last update - 16.10pm 19/07/2019 (20 minute delay) ?
-0.005 ( 0.02 %)
Open High Low Volume
$1.50 $1.53 $1.49 68712
Last updated 15.59pm 19/07/2019 (live) ?
ADH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.