So if the share price was $2.50, on a P/E of 30, ZIP would have to make about $68,500,000 net profit after tax in a year to be sitting at fair value.
$68,500,000 NPAT / 821,354,725 SOI = $0.0834 EPS.
$0.0834 EPS * 30 P/E = $2.502 share price.
Pretty sure from memory that most banks trade between 10-15 P/E's, which makes that profit number much higher. Not sure how ZIP makes a reasonable move anywhere near this valuation without interest rates dropping to zero (which won't happen).
I told you good time to buy, page-4798
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 133683 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |