The price being paid in 2014 was based on an earnings growth outlook that was significantly better than the current earnings growth outlook. Although RHC is no doubt a quality company with a solid long term future and a large moat (which I like very much), the latest report suggests that it needs to be valued as a company that is reaching maturity rather than as a high growth stock, so a valuation of 19.5 times earnings is not exactly cheap. If interest rates go up appreciably, then it will start to look expensive even at these prices. I still consider it to be a long term hold rather than a buy at the moment.
RHC, page-10
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.42 |
Change
0.360(0.82%) |
Mkt cap ! $10.20B | |||
| Open | High | Low | Value | Volume |
| $44.25 | $44.61 | $43.95 | $12.38M | 279.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1509 | $44.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.49 | 52 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RHC (ASX) Chart |