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.
The market has simply re-rated A2M back in line with its peers....
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Last
$7.21 |
Change
0.060(0.84%) |
Mkt cap ! $5.168B | |||
| Open | High | Low | Value | Volume |
| $7.19 | $7.21 | $7.18 | $716.6K | 99.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 17964 | $7.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.22 | 4195 | 6 |
View Market Depth
| Last trade - 10.05am 06/06/2024 (20 minute delay) ? |
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Last
$7.24 |
Change
0.060 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $7.20 | $7.24 | $7.19 | 31102 | ||
| Last updated 10.25am 06/06/2024 ? | |||||
| A2M (ASX) Chart |