Hi All
Goes to show you how much I know, thought the results were okay, nothing special. Didn't believe it deserved almost 10% drop. Here is comparative to other ASX listed Fund Managers (PAC and PCG yet to report):
As you can see, EPS growth was 4 times higher in the last year at Platinum compared to Magellan, yet Magellan still attracts a higher PE ratio.
If Magellan is a similar performing business and market value at similar PE Ratios, Magellan valued at $34.33.
If the reverse was assigned, Platinum using Magellan PE Ratio is worth $5.09.
Dividend stayed the same, Magellan had a higher payout ratio this year therefore shows dividend growth.
Best of Luck
Lost
Ann: Analyst Briefing - June 2021 Yearly Results, page-2
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Last
$1.14 |
Change
-0.020(1.72%) |
Mkt cap ! $663.6M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.12 | $2.938M | 2.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2600 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 11985 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| PTM (ASX) Chart |