If they manage to grow EPS again by 10%, we get a figure of 57 cps!
Using a P/E of 20 for a cash cow such as this with high certainty of tonnes of CASH FLOW each yr from an ever expanding fin services and SUPER industry, and I come to $11.40.
If corporate earnings continue to grow and inflation is contained, the market can still boom well into next yr albeit with a couple of large profit taking sessions along the way of course.
In this type of investment environment AMP can trade on a P/E as high as 20-25
With 57 cps, and P/E 22 for example, I get $12.54
The quality of fundamentals (Excellent cash flow + EPS growth + return on equity great too), and the continual increase of divvys and the annual capital return, as well as being the market leader, afford the stock such a high P/E.
I expect the company to continue growth at this pace
The pictures looking good for AMP!
I think $12.00 by mid year easy !
***Dont forget that 'inflows' this forst half might be higher than usual given that its the last time ppl can make contributions in2 super up $1 million dollars!!!!!
It should be a big first half!
theres a lot of UPSIDE imo!
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Last
$1.28 |
Change
0.145(12.8%) |
Mkt cap ! $3.311B |
Open | High | Low | Value | Volume |
$1.21 | $1.29 | $1.20 | $44.38M | 35.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 32842 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 171427 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 210837 | 1.275 |
16 | 344683 | 1.270 |
19 | 471043 | 1.265 |
10 | 599379 | 1.260 |
7 | 153314 | 1.255 |
Price($) | Vol. | No. |
---|---|---|
1.280 | 127305 | 20 |
1.285 | 465601 | 15 |
1.290 | 294756 | 15 |
1.295 | 288910 | 22 |
1.300 | 481844 | 67 |
Last trade - 13.57pm 08/08/2024 (20 minute delay) ? |
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