SMN - Chart, page-3565

Hi folks

Love the way people keep using PE of 30 as an attempt at future SP.

From the PLS annual report FY 2022/23 released Aug 2023.

Number of shares on issue 3B, Revenue $4B. basic revenue per share $1.33

Revenue after tax 2.4B so 80c per share. So EBIT PE ratio of 30 price of the share should be $24.

Price of the shares as at Annual report $5. So PE ratio applied to after tax was 6.25 not 30.

I can already hear the "Yeh-Buts" surfacing .

PLS is different to TLG. But in my mind, early on, a PE ration applied to after tax earnings of PE10-12 is a more realistic estimate of SP tool.

That's a long way from 30.

Just my opinions, DYOR

cheers Lies.

PS If there are doubters of my numbers for PLS check out the 2023 annual report.