Whoever is buying/holding this share, have ever considered the forward P/E? Their earning over next three years will decline to 1/3 of current level. That is to say at $13 SP the forward P/E stands almost 24 multiple. Who will pay 24 multiple for Energy company?
Last 4 year - the SP falls, then rises 10-15%, then falls again making new multiyear low and cycle continues...
Currently hugely overvalued (compared to forward earning growth). This downward trajectory may continue till actually the valuation becomes investment grade.
In my opinion, this may head for another multiyear low below $12 in due course
Alert Bouncing off Long Term Support, page-138
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Last
$11.58 |
Change
0.215(1.89%) |
Mkt cap ! $7.803B | |||
| Open | High | Low | Value | Volume |
| $11.46 | $11.62 | $11.41 | $14.69M | 1.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 12533 | $11.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.58 | 381 | 7 |
View Market Depth
| Last trade - 15.02pm 30/08/2024 (20 minute delay) ? |
| AGL (ASX) Chart |