The market has simply re-rated A2M back in line with its peers. A2M is now trading on a forecast FY19 PE of 27.6. BKL is 29.6 and BAL is 28.6.
PE also doesn't take into consideration that A2M is expected to have A$420m cash at the end of FY19, BKL A$40m debt and BAL A$118m cash.
In FY19, the market is expecting A2M to increase revenue by 35%, BKL by 9% and BAL by 22%.
In FY19, the market is expecting A2M to increase profit by 34%, BKL by 26% and BAL by 47%.
Given the above, it would suggest that the market is expecting further downside to its future forecasts for A2M.
A2M Analysis, page-178
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Last
$5.67 |
Change
0.020(0.35%) |
Mkt cap ! $4.084B | |||
| Open | High | Low | Value | Volume |
| $5.73 | $5.76 | $5.66 | $2.571M | 435.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4223 | $5.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.68 | 23633 | 12 |
View Market Depth
| Last trade - 10.22am 22/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |