GLH 0.00% 10.5¢ global health limited

forecast pe at 6, page-4

  1. 1,708 Posts.
    The ultimate value from any investment is the cashflow it generates. You cannot pay wages with earnings. But earnings can be manipulated to say anything you want. Just a counterbalance argument to your simplistic PE 6. If you expense all R & D (which is what CSL does), the earnings multiple is not quite that flash anymore.
 
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