Someone please tell me if I am doing something wrong with my calculations.
Expected EBIT is $40m top end of recent guidance. Expected NPAT (70% of EBIT from previous reports) = $28m. Even at a near all time high price of $3.92, the market cap is hovering around 244m. This means the stock is trading at a PE of 8.7, Is that right? Are there some unlisted stocks that are going to come out the woodwork? I just can't wrap my head around this. A PE of 8.7 implies the market is expecting lower NPAT figures for FY22 over FY21. Is all this common knowledge?
So currently the stock is priced for a reduction in revenue/profit for FY22 even though there is a good chance that with more stores opening the revenue/profit may grow. I understand that covid increased demand. I take it the market believes this increased demand will prove to be temporary?
DSK valuation
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Last
$1.08 |
Change
-0.020(1.82%) |
Mkt cap ! $67.24M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.08 | $289.7K | 267.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12300 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 47919 | 4 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| DSK (ASX) Chart |