All true but a p/e multiple of 5.5x is too cheap. Could make the same arguments re. oil if sp was $4.50 or $5, which is where it should be.
Apply a through-the-cycle pe multiple of 10x and sp should be 25%+ higher.
$448 million of the profit was from cheap fuel, page-2
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Last
$6.14 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 60281 | $6.14 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 26600 | 2 |
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| QAN (ASX) Chart |