NST 1.60% $15.97 northern star resources ltd

Ann: FY24 Financial Results Webcast Details, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,273 Posts.
    lightbulb Created with Sketch. 2965
    @Allstock
    Correction to Post #:75201042 above:
    NST had an EPS of 26.5c 26.2c FY23. FY24 will be in the vicinity of 39.5c 61.4c. That is 134% EPS growth to be confirmed next week.

    @LambDownUnder
    In terms of cheap. I'm not sure that I agree. Having both as a cornerstone of the portfolio for a decade or so. I've found NST to have a premium over EVN. For a while now and rightly so in my opinion. NST has better assets mainly, have hit guidance and consensus estimates for the most part.

    So let's do some simple maths to prove my point.

    EVN EPS: 22c (confirmed today)
    NST EPS: 61.4c (fairly confident of this next week)

    At the time of this post the SP is:
    EVN SP: $4.10 (This is up around 8% today)
    NST SP: $14.20

    To make it an apples to apples comparison we need to boil it down to PE.
    EVN PE today: $4.10/0.22 = 18.63 PE
    NST PE today: $14.20/0.61 = 23.27 PE

    So there you go. Price to Earnings NST is much more expensive even with EVN's 8% lift today. If we take EVN's last close $3.81 PE would be 17.32

    Note that for context. Gold mining average PE is 29 (driven by the smaller miners mostly). So both EVN and NST are undervalued in comparison. While the broader materials sector has an average PE of 13.

    Last edited by Exised: 14/08/24
 
watchlist Created with Sketch. Add NST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.