Anyone would like to provide an estimation for the fair price...

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cyber_y

29 Posts.

15/02/17

07:23

Post #: 22617938

Anyone would like to provide an estimation for the fair price based on 17 HYreport?

I can add my 2 cents first:

From 17 HY report:

Column 1 HY17 FY16

1 ANZ EBITDA of $70.4 million 70.4   84.7

2 China EBITDA of $13.7 million 13.7 9.2

3 UK and USA EBITDA   -7.7 -20.5

4 Net Profit After Tax 39.382 30.4

5 Basic earnings per share 5.51

6 diluted EPS   5.37

The conservative estimation is:
1. Current price:
Assuming the P/E down to 28, the share should worth 5.37*2*28 = N$3.0072
Current NZD FX rate is 1.07
So the price should be at least A$2.81.

2. Target price in half year:
Assuming the P/E down to 26,  2nd HY growth is 20%
The share price should worth 5.37*2.2*26 = N$3.07164

So the fair price should be at least Z$3,  or say A$2.8?

	Column 1	HY17	FY16
1	ANZ EBITDA of $70.4 million	70.4	84.7
2	China EBITDA of $13.7 million	13.7	9.2
3	UK and USA EBITDA	-7.7	-20.5
4	Net Profit After Tax	39.382	30.4
5	Basic earnings per share	5.51
6	diluted EPS	5.37