fy2015 ev/ebitda of 5.9 vs average of 10
fair value equal to todays closing price assumes average eps of 15c with 0% growth over 10 years (10% discount rate)
analyst eps estimates sit between 11 and 13 for 2015/2016/2017 vs myers long term average of 16.5c
these estimates suggest that the current share price might still be overvalued
yet analysts are also forecasting a small increase in sales growth each year and a sizeable decline in net margin
if earnings continue to miss targets then less cash will be available for shareholders
dividend would be reduced but they could still manage a reasonable 4% yield worst case (if you bought today)
if share price fell then this would only increase
but lets assume the absolute worst and play around with liquidation value..
to get a 5 year liquidation value of $1.32 you would have to write off 75% asset value (assuming constant rate of decline from the peak of the business cycle)
if shorts manage to push the price down through $1.30 support then the case for a myer long starts to build
factor in the possibility for a takeover and you could have one of the few viable contrarian plays
unfortunately i have a meeting in 5 minutes and have to rush my finish - gl to anyone jumping in early
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Last
82.0¢ |
Change
0.005(0.61%) |
Mkt cap ! $682.0M |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 79.0¢ | $1.545M | 1.915M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 722952 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 2440 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 722952 | 0.820 |
6 | 157221 | 0.790 |
1 | 8501 | 0.785 |
9 | 44226 | 0.780 |
2 | 6453 | 0.775 |
Price($) | Vol. | No. |
---|---|---|
0.825 | 2440 | 1 |
0.830 | 67294 | 5 |
0.835 | 10620 | 2 |
0.840 | 253977 | 5 |
0.845 | 55917 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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MYR (ASX) Chart |