By the way, do people here realize that SSM - if return on equity is normalized to 12% - returns an unbelievable 115% on its tangible assets?
I calculate 80 cents as Shareholder Equity and 8 cents as tangible assets. Anyone get different numbers? 12% of 80 cents gives 10 cents per share of earnings based on a normalized return on shareholder equity.
These numbers are amazing. Even See's Candies (one of the classic Warren Buffett investments) only earned 25% against tangible assets. If the calculation is correct, it's further evidence of how mispriced the shares are.
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Last
$1.92 |
Change
-0.025(1.29%) |
Mkt cap ! $1.179B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.94 | $1.90 | $2.373M | 1.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30100 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 499 | 1 |
View Market Depth
| Last trade - 16.11pm 25/07/2025 (20 minute delay) ? |
| SSM (ASX) Chart |