Imho you all just need to look at what mainstream analysts, who probably use very conservative assumptions, forecast for the earnings over the next few years.
This was posted a week ago: "Allkem Limited (OTCMKTS:OROCF – Get Rating) – Stock analysts at Jefferies Financial Group cut their FY2022 EPS estimates for shares of Allkem in a research note issued to investors on Sunday, July 10th. Jefferies Financial Group analyst M. Ryan now forecasts that the company will post earnings per share of $0.34 for the year, down from their prior forecast of $0.35. The consensus estimate for Allkem’s current full-year earnings is $0.54 per share. Jefferies Financial Group also issued estimates for Allkem’s FY2023 earnings at $1.10 EPS and FY2024 earnings at $1.64 EPS."
1.10 USD = 1.59 AUD --> forward PE ratio would only be 6.16, which is ridiculously low for a growth company with high margins. Nobody can rationalize this.
FY2022 EPS Estimates for Allkem Limited (OTCMKTS:OROCF) Decreased by Jefferies Financial Group - Defense World
Add to My Watchlist
What is My Watchlist?