Hey mate, PER uses earnings per share or post tax earnings (NPAT), you've used pre-tax (EBITDA). Canada have a corporate tax rate of 38%, so using your PER multiple of 8, it would be more like:
A$325m x 0.62 = A$201.5m NPAT
A$201.5 x 8 = A$1.612b
Still excellent though.
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