You cannot allways generalise about P/E. You really need to think about earning on a case by case basis. CSL is a unique Australian company because it spends so much of its budget on R&D. Some of this expenditure will be in vain and some will not. There has been a good flow of cash generated from the successes and this will continue. This alone justifies a higher than normal P/E.
Ann: Appendix 4D and Half Year Accounts, page-26
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$307.16 |
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Mkt cap ! $148.4B | |||
| Open | High | Low | Value | Volume |
| $309.31 | $309.89 | $305.94 | $474.0M | 1.557M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $307.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $307.30 | 1568 | 3 |
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