Average PE for NZX50 is around 21 and considering ATM acquired its recent stake in SML at PE of around 26 (SP NZ$ 10.9 & eps 0.416 at the time), PE 20 to 25 seems very reasonable for a company expected to grow at around 20% year after year.
Two new plants, 2 CFDA approvals and one FDA approval are in the pipe line. My TP is NZ$13 to 13.5 (Y19 eps .516 @20% and PE 25)
Ann: Updated Synlait FY18 Annual Results Report, page-43
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37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $81.96M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 41.0¢ | 35.0¢ | $83.21K | 213.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12777 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 1331 | 1 |
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