Based on 90MMBoe for the year, I estimate a PE of 16 equating to about $43.70. Given the lack of growth in the next few years, a PE of 16 seems a bit rich. I suggest fair value is around $38-41. Anything above that will be driven by dividend-hysteria. Today's close at $38.74 is a PE of a bit over 14 which is already getting up there with Browse and Leviathan production both distant. (Calcs based on underlying NPAT of $25/Boe - perhaps Pluto might up that a bit so adjust my figures accordingly)
Ann: Special Dividend and Dividend Payout , page-31
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Last
$24.07 |
Change
-0.180(0.74%) |
Mkt cap ! $45.70B | |||
| Open | High | Low | Value | Volume |
| $24.27 | $24.29 | $24.07 | $110.5M | 4.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5905 | $24.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.10 | 10733 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WDS (ASX) Chart |