I don't disagree MAH is undervalued, but I think 69c is way overs.
You have to consider that fy2020 NPAT did not property include income tax of profits due to historical profits. So on a forward basis with MAH paying income tax, the current PE is around 10.5, not 8.5.
Therefore, I think the appropriate share price should be ~35c after the 2021 half year report.
Under The Radar, page-41
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Last
27.8¢ |
Change
-0.008(2.63%) |
Mkt cap ! $603.3M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.5¢ | $21.82K | 78.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 580202 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 190083 | 19 |
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| Last trade - 13.18pm 02/08/2024 (20 minute delay) ? |
| MAH (ASX) Chart |