Not right to use PE's for Resources stocks - no terminal value and the "E" is a polluted number.
Better to use EV/EBITDA and look at the number 1 to 2 years forward.
NHC FY2 EV/EBITDA 6.74
CNA FY2 EV/EBITDA 5.92
WHC FY2 EV/EBITDA 5.91
Appears to be more expensive but must remember its high EPS growth.
Had a huge re-rate against the 300 Resources sector which is now almost at a relative range high. i.e Its out performance relative to the sector may well be close to finishing for now.
EPS upgrades can give the stock another leg.
Not right to use PE's for Resources stocks - no terminal value...
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Last
$4.93 |
Change
0.120(2.49%) |
Mkt cap ! $4.167B | |||
| Open | High | Low | Value | Volume |
| $4.88 | $4.96 | $4.84 | $9.046M | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11895 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 8000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |