APX Charts, page-3126

was that directed at me? i never made a prediction on the share price in the future, all i said was if there's no growth it's worth ~$7, simply from a p/e perspective. and brokers have been reducing their price targets constantly, reflecting weaker and weaker future growth prospects. macquarie's current $11.8 is assuming guidance is met and assumes further growth for quite a number of years.

the average PT has been greatly bolstered by citi and JPM. before the august half, citi had $30 and JPM had $24-25, now citi is $17 and JPM is $13.5. if growth actually turns negative (and given all the structural issues it might), i have no idea what it's worth.

ebitda multiples are unreliable when growth is in question. cold hard EPS is what drives share price in the long run, if their capex must increase just to keep up with competition, EV/ebitda is very bad choice valuation.