Do you think so? I have summarised my analysis in my last comment including about last 3 down grades. When the Covid arrived the analysts and market commentators got it wrong with under forecasting profits. It was not noticed or issue because share prices went berserk to 160. Now that we are back to base adjusting to new reality and normal business conditions, forecast needs to be downgraded too. It takes few attempts as it is not an exact science. There is much more noise when the down grades happens like what hearing these days. I have listed the figures I am expecting for 2025 which is easily verifiable from existing information. If someone can proof 2025 EPS is not around $2 please provide the workings. I think that and free cashflow of $100m is the starting point for DMP valuation under current set of economic news. If so $40 share price looks cheap for that industry PE normal being 27 or so. Please note average analysts forecast is around $50 share price, which you normally reach within 6 to 12 months. Like to hear comments.
DMP Price at posting:
$39.51 Sentiment: Buy Disclosure: Held
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