What you say is true, NST has a high P/E relative to its peers/others, but even that is hard to measure. You find elevated P/E on smaller growth stocks sometimes, less on the NST's for sure.
NST have that in a funny way too, growth I mean, which will virtually guarantee improvement in the measurement. It's why all the big houses hold a buy on NST. Without going into a maze of stuff, couple of important points. Share buybacks ongoing, adventurous growth on many fronts, Pogo is a good example NST are a ballsy outfit with a good balance sheet. $16 share at some stage second half, sure needs gold to move a bit, I expect that, IMO.
Cheers
Phil.
What you say is true, NST has a high P/E relative to its...
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Last
$15.77 |
Change
-0.025(0.16%) |
Mkt cap ! $18.13B | |||
| Open | High | Low | Value | Volume |
| $15.64 | $15.80 | $15.61 | $5.758M | 366.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1306 | $15.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.77 | 7380 | 17 |
View Market Depth
| Last trade - 11.13am 18/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |