This is a very good analysis.
Trying to link the $500m NPAT back to a share price estimate. The current average P/E ratio on the ASX is around 31. Not sure if it’s appropriate to apply this to PLS, but I don’t think it’s a bad indicator (and maybe conservative) given that they are an up and coming Company which will only continue to grow over the next decade.
Xero and Afterpay were 500+ PE due mainly to market sentiment and growth.
$500m NPAT x 31 = $15.5B valuation. Which is around $5.20 share price.
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Last
$2.75 |
Change
-0.090(3.17%) |
Mkt cap ! $8.279B |
Open | High | Low | Value | Volume |
$2.83 | $2.83 | $2.74 | $55.00M | 19.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 281921 | $2.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.77 | 221281 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6454 | 3.010 |
1 | 1000 | 2.900 |
1 | 117 | 2.880 |
3 | 8007 | 2.830 |
1 | 12490 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.480 | 8130 | 1 |
2.500 | 531 | 1 |
2.530 | 22 | 1 |
2.650 | 510 | 3 |
2.660 | 2304 | 2 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |