I have more work on DMP and these are my thoughts.
2023 Underlying NPT will be around $140M. Over next two years announced savings is around $30M net. In 2019 % of EBIT was 12% and DMP is working towards achieving better margins. With lower inflation around the globe this is already underway. This will provide further $40m within next 2 to 3 years. If you also add store expansion at conservative 10% for next 2 years it will add 20M+. After paying tax for these increase profit EPS will be back to $2.30.
At this earnings rate all concerns about debt level can be easily taken care of it. For argument sake if DMP raises $1B and retire debt , EPS will be still around $1.9.
Now at this very low debt in BS, market will value around 30 pe similar to industry average.
So I can see why Morningstar and few others have valuation of $60+.
You shouldn’t take all analyst predictions as gospel , they get it wrong most of the time like us.
DMP is real good value at these current range, but I can’t see it going back those glory days of $100+ range.
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$36.13 |
Change
0.000(0.00%) |
Mkt cap ! $3.276B |
Open | High | Low | Value | Volume |
$36.41 | $36.72 | $35.98 | $8.920M | 245.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2453 | $38.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.52 | 21190 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 83 | 36.070 |
1 | 50 | 36.060 |
4 | 1160 | 36.050 |
3 | 1487 | 36.040 |
2 | 123 | 36.030 |
Price($) | Vol. | No. |
---|---|---|
36.090 | 585 | 22 |
36.100 | 297 | 5 |
36.110 | 100 | 2 |
36.120 | 96 | 2 |
36.130 | 137 | 3 |
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