Sure, but no company ever trades at a PE of 10 and maintains that profit for the next year. i.e. if it trades at a PE of 10 at an EPS of 42, the market is expecting EPS to drop in the following year (and in almost all cases the marked is correct). I don't think this applies to DDR. They did have a tailwind from the WFH movement but even prior to this phenomenon DDR was logging strong growth. For it to go from a growth stock to flat earnings is unlikely. I think that mid to high single digit growth can be achieved in the long term simply from a lifting IT spend in the broader industry.
Historically there was one year where the PE was 10 so I guess never say never. I would consider a PE between 14 and 16 bargain basement provided that company reports confirmed mid to high single digit growth. At an EPS of 42cps, this equates to ~$6.30.
It's impossible to predict the SP so I'm certainly not holding my breath for the SP to get that low. I think the only way this will go below $7.50 is if EPS in FY23 comes in lower than FY22.
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- Ann: Final Dividend Declaration and FY22 Unaudited Results
DDR
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Ann: Final Dividend Declaration and FY22 Unaudited Results, page-45
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Last
$8.72 |
Change
0.020(0.23%) |
Mkt cap ! $1.575B |
Open | High | Low | Value | Volume |
$8.65 | $8.73 | $8.61 | $2.192M | 252.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30 | $8.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.74 | 972 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30 | 8.690 |
4 | 5350 | 8.680 |
4 | 1731 | 8.670 |
2 | 2115 | 8.660 |
3 | 6378 | 8.650 |
Price($) | Vol. | No. |
---|---|---|
8.740 | 972 | 2 |
8.750 | 2300 | 2 |
8.760 | 5711 | 1 |
8.770 | 5711 | 1 |
8.800 | 58 | 1 |
Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
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