ASH 0.00% 19.0¢ ashley services group limited

Ann: Full Year 2024 Results Presentation, page-10

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  1. 2,364 Posts.
    lightbulb Created with Sketch. 708
    Another way of thinking about it.

    1H PBT 2302 plus impairment 2975 equals 5277

    FY PBT 3139 plus impairment 4376 equals 7515

    Therefore:

    2H PBT 837 plus impairment 1401 equals 2238 multiplied by 2 suggests if last half year is translated to 24-25 PBT of 4476 less tax 1343 and NPAT 3133

    Suggests profits less impairments in second half deteriorated and if translated to 24-25 EPS would be 2.1 cps.

    PER of 9 needed to justify share price of 18 cps. That makes more sense of share market response.
 
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