NUF 0.51% $3.97 nufarm limited

post emergent sales are off the scale, page-35

  1. 198 Posts.
    The consensus forecasts on NUF are just valuation based....we know 09 NPAT will be in the range of $180-$190m....you'd expect modest growth off that in 10 given the organic/acquisition growth helping offset weakness on Roundup.

    So currently trading at at 10 times NPAT.....sector average is more like 13....that 30% difference seems to account for gap to broker targets.

    Historically NUF has been been trading well above 13 at times.

    Certainly 10 seems very low given the medium/longer term outlook for growth. IMO the 12 month target price consensus of circa $12 looks quite reasonable.
 
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