This company is so cheap. EPS is 3.7 cents so it is on a PE of 6.5 !!!! NPAT $77m and Market Cap $506m. Guidance for FY22 shows that results will most likely improve up to 10% with EBIT (A) increasing from $95m in FY21 to $95-$105m for FY22.
The Order Book is $5B meaning years of revenue already covered and the tender pipeline is $7B meaning enormous opportunities are ahead.
At some point, sentiment will switch and I see a PE of 10 being reasonable particularly when the outlook, given the order book and tender pipeline is reliable and predictable. At a PE of 10 the price would be 37cents. I believe sentiment will creep up slowly or receive a sudden positive bolt up once the significant Indonesian Batu Hijau project is confirmed (which MAH have advised will be sometime in FY22).
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $689.5M |
Open | High | Low | Value | Volume |
32.5¢ | 32.5¢ | 32.0¢ | $393.3K | 1.219M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 31394 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 310000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 31394 | 0.320 |
5 | 299918 | 0.315 |
2 | 95970 | 0.310 |
1 | 10000 | 0.305 |
2 | 9000 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 280000 | 3 |
0.330 | 679763 | 10 |
0.335 | 773431 | 8 |
0.340 | 683691 | 7 |
0.345 | 43985 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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