M4M 7.69% 2.8¢ macro metals limited

Time to get behind KFE!, page-15

  1. 70 Posts.
    lightbulb Created with Sketch. 46
    I think you'll find the P/E ratio is applied to a company's profit after tax, ie after the assets employed have been amortised and write-offs taken. You have suggested applying a P/E ratio to the after tax cash flow, a measure not used by analysts.

    In the early years, a project may not generate an accounting profit but still have a healthy EBITDA.
 
watchlist Created with Sketch. Add M4M (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.