excellent, so by implication, MFG share price has been significantly de-risked.
Read the last paragraph: target price slashed, but the target price is based on 10 times FY2023 profits.
This is great news.
A 10 PE on a target share price of $17.50 implies an 11-12 PE at a share price of $20.
So now lets do a quick track back through history:
When was the last time MFG was trading on a PE less than 11-12.
I would say more at least quite a few years.
Hence share price has been significantly de-risked, especially as the forecasted "E" in PE has been massively reduced.
Price is what you pay, value is what you get.
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Last
$10.69 |
Change
0.150(1.42%) |
Mkt cap ! $1.838B | |||
| Open | High | Low | Value | Volume |
| $10.55 | $10.88 | $10.43 | $8.379M | 783.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3749 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 13194 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |