Potentially Significantly Undervalued, page-3

I am new here so forgive me if I get something wrong.

Management are confident that they will exceed 1HFY21 profit numbers. But wording from management suggests it may not be massive growth. Over the past 2 financial years profit has increased an average of 28% year on year. lets halve this to be conservative (14% profit growth).

SOI= 180.88m
Predicted net profit (using 14% growth) = 103m

I am unsure of what PE ratio is common for CDA so I will use 20.

20 = x / 0.569
x = 11.38

Share price fair value = $11.38

That's an 11% increase on current share price by the end of the financial year when reports are released. New investors may look elsewhere for larger returns. Obviously this is 100% guesswork and my growth margin is likely to low, but I like to look at worst case scenarios when making investment decisions.

Would love to hear others thoughts.