In the last 2 HYs, A2M has been paying a huge tax bill due to "non-deductible expenses largely related to the Company's employee share scheme and international losses not fully tax effected".
For example, in 1HY16 it paid NZ$7.4m tax on EBITDA of $NZ$18.7 - an effective tax rate of 40%.
I'm assuming this high tax rate will continue? This is going to continually impact the P/E of the company as it uses NPAT (Net Profit After Tax). Therefore A2M will always have a higher P/E than its peers, which isn't good..
A2M $2 Party (again), page-107
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Last
$6.45 |
Change
-0.010(0.15%) |
Mkt cap ! $4.669B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.49 | $6.42 | $9.613M | 1.489M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1779 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 11650 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |