FID 1.97% $7.45 fiducian group limited

Ann: Fiducian to acquire MyState's financial planning business, page-6

  1. 780 Posts.
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    How do you get 5 times cash earnings please?

    FY8 underlying EPS was 33.6. This is 15 times on a price of 4.93.
    For June19, if we assume EPS follows the 5 year annualized figure of 23% and if we assume market will revalue at current multiple of 15, the price should be around $6.20. Of course this is quite simplistic.
 
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