$21m earnings at $540m market cap does seem expensive.
But then you account for the $300m in free working capital - which could be used for acquisitions, share buy backs or divies.
($540m - $300m) / $21m implies a forward PE of 12.
That is value IMO.
$21m earnings at $540m market cap does seem expensive. But then...
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Last
$1.30 |
Change
0.040(3.19%) |
Mkt cap ! $2.113B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.28 | $73.35M | 56.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 69674 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.30 | 30625 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$1.29 |
Change
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| Open | High | Low | Volume | ||
| $1.29 | $1.31 | $1.29 | 2459294 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SIG (ASX) Chart |