agreed that issues like supply chains will be worked out over time, mankind always adapts.
But my concern is to what extent has covid pumped sales.
If I go back through their earnings history, earnings previously peaked in 2015 at $1.71, however they dropped for the next two years bottoming earnings in 2017 at $1.06 before recovering to $1.63 by 2019 (FY before coronavirus).
So given this what is a decent price to pay for their long term earnings stream, this is my focus, but it will not be based off pumped sales and profit in FY21 of $2.53. In otherwords I won't anchor my expectations from the FY21 earnings.
Looking but not striking on this stock yet.
Ann: Ansell Limited FY22 Trading and Business Update, page-31
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$25.96 |
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| Open | High | Low | Value | Volume |
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