For this sector a PE of over 40 is acceptable, check out competitor ResMed as a comparison.
Yes I get that and that would make an acceptable price at about $24.40 off my table. The numbers can be whatever you want them to be. Maybe revenue will be better than the bottom of the forecast range or the GP margin may be better than 60% or the overheads may fall back a lot more than my number suggests with so much lockdown. I originally did this for my own benefit and then thought I may as well share it. I'm not suggesting that my numbers will represent the formal result, just something to play with. I'm happy holding until the share price recovers, hopefully across the next 12 months.
FPH Price at posting:
$21.95 Sentiment: Hold Disclosure: Held
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