The problem is that growth for this company is tied to store growth, and that store growth needs to be profitable.
If less stores open the growth narrative is severly dented. It has to justify it's current PE which it certainly can not given margin expansion is limited.
DMP deserves this sell off, and likely will see further declines.
Ann: Business Update and FY25 Outlook, page-25
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Last
$31.58 |
Change
-0.020(0.06%) |
Mkt cap ! $2.907B | |||
| Open | High | Low | Value | Volume |
| $30.97 | $31.73 | $30.51 | $7.224M | 229.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 183 | $31.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.59 | 406 | 11 |
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| Last trade - 11.37am 06/11/2024 (20 minute delay) ? |
| DMP (ASX) Chart |