Just a couple of points. The milestone payments are one-off so shouldn't be included in revenue for valuation purposes as they do not recur in subsequent years. That brings the revenue back to $1.8bn. The current structure for North America has graduated royalties averaging at about 12.5% and I see no reason why they would hit 15% overall as this would presuppose a top rate in ROW of about 25%, which seems unlikely. So lets keep them at 12.5%. That would give $US225 million revenues or about $AU338 million. Knock off 40% for overheads, and this gives an EPS of about $1.60 per share. Using your multiplier of 20 P/E that still brings it out to $32 per share; a realistic and still impressive figure based on Daybue alone. Throw in the blue sky of NNZ2591 and this share has lots more to offer. Although I must say I wonder why a buyer would pay 20 times current earnings per share for an income stream that has 7 years to go in the US and 10 in Europe..
- Forums
- ASX - By Stock
- NEU
- Pending ROW deal??
Pending ROW deal??, page-178
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEU (ASX) to my watchlist
|
|||||
Last
$15.59 |
Change
0.380(2.50%) |
Mkt cap ! $1.992B |
Open | High | Low | Value | Volume |
$15.51 | $15.82 | $15.46 | $11.26M | 722.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 696 | $15.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.67 | 6942 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 64 | 15.570 |
1 | 320 | 15.510 |
1 | 181 | 15.450 |
1 | 530 | 15.300 |
1 | 2500 | 15.250 |
Price($) | Vol. | No. |
---|---|---|
15.670 | 2340 | 1 |
15.800 | 20 | 1 |
15.810 | 316 | 1 |
15.850 | 800 | 1 |
15.900 | 500 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
NEU (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online