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.
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The market has simply re-rated A2M back in line with its peers....
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Last
$6.24 |
Change
-0.010(0.16%) |
Mkt cap ! $4.517B |
Open | High | Low | Value | Volume |
$6.24 | $6.37 | $6.17 | $22.92M | 3.661M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45332 | $6.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.28 | 9001 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45332 | 6.230 |
2 | 14713 | 6.220 |
1 | 600 | 6.210 |
3 | 201003 | 6.200 |
2 | 9347 | 6.190 |
Price($) | Vol. | No. |
---|---|---|
6.280 | 9001 | 4 |
6.300 | 3661 | 4 |
6.310 | 14884 | 3 |
6.320 | 19347 | 2 |
6.330 | 5196 | 2 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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A2M (ASX) Chart |