Super Retail (SUL) trade on a PE of 19.27 x with a dividend yield of 2.59% so why would AX1 trade at a lower PE with a yield of 5.40%?
IMO AX1 will within the next 3-4 weeks get to a PE of between 20 - 22 x or a ($1.25 Billion MC) that would be a fair valuation based on their forward looking statement for FY21 in the presentation.
Ann: FY20 Full Year Results Presentation, page-7
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Last
$2.39 |
Change
0.050(2.14%) |
Mkt cap ! $1.352B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.40 | $2.33 | $2.487M | 1.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2090 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 18978 | 2 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |