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
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2151 | $6.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.85 | 27162 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10844 | 6.750 |
2 | 1946 | 6.700 |
1 | 500 | 6.680 |
1 | 150 | 6.660 |
1 | 1000 | 6.650 |
Price($) | Vol. | No. |
---|---|---|
6.860 | 3995 | 1 |
6.870 | 2388 | 1 |
6.900 | 1133 | 4 |
6.910 | 302 | 2 |
6.950 | 2529 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |