NFK 0.00% 47.5¢ norfolk group limited

what's happening at norfolk?, page-2

  1. 38 Posts.
    I've stumbled across this stock today and trying to work out what's up with its shareprice.

    Looking at 2012 annual report results I saw the following:

    1) Equity per share - $0.77
    2) Payout ratio - 18%
    3) Return on equity averaged over 2 years - 39%
    4) Return on equity according to macroaxis - 29.86%
    5) Price to earnings ratio - 4.67
    6) Debt to equity ratio - 0.22

    I noticed the half year results released November 2012 indicated that equivalent earnings were down 50% on the previous year. Still, it's making a profit and minimal debt.

    If I use a low ROE of 18% and a conservative RR of 14% I still get a valuation of $1.19.

    Is the share price at a significant discount to its actual value or am i missing something very significant??

    PS. probably won't buy this stock but wanting to learn as much as possible about getting my valuations roughly on target.





 
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