Hi BM - as other posters have alluded - no science except look at what other similar co's trade at and whether market then views them as under/fair/over valued at the pe.
different industries have hughly different pe's - pharma can have pe in the 20-50's, defensives 10-15, plus div payout ratios can also have an effect, etc
lyc is moving into producer status where pe different from explorer. and i'd use 22kt instead of 11kt - as last presentation states that we will be at stage 2 capacity by next qtr.
looking at another thread where i think Patts had current share price of .60 as 2014 pe of 5x and 2015 pe of 2x - which simply means that as lyc moves to full production - current sp is extremely cheap and patts price target was $2.08 (from memory).
my personal opinion is to use 10x as conservative estimate with current ree price and if forward price estimates trend up/down lyc pe should follow suit.
as i've said - not scientific, but good working guesstimate.
hope this is useful....
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Last
$7.77 |
Change
0.020(0.26%) |
Mkt cap ! $7.262B |
Open | High | Low | Value | Volume |
$7.75 | $7.81 | $7.70 | $9.060M | 1.166M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5751 | $7.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 6522 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5751 | 7.750 |
1 | 3277 | 7.740 |
2 | 36687 | 7.720 |
2 | 17484 | 7.710 |
3 | 16287 | 7.700 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 6522 | 1 |
7.780 | 3600 | 1 |
7.800 | 17141 | 5 |
7.810 | 14632 | 2 |
7.820 | 11576 | 3 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
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