FY'21 Underlying EBIT margin (excluding Jobkeeper)
H1 24.8%
H2 19.0%
3.3% due to higher expenses
1.5% due to lower GM
Looking at the underlying EPS for FY'21 Adairs, it is currently tracking at a PE ratio today of 8.2x That is incredibly low for a company with growing earnings, no debt and a strong online scalable business.
In my view the market is saying your growth will stall, being badly impacted by ongoing restrictions due to Covid and that your lower H2 margins will continue into FY'22
It will be interesting to see the gyrations in the SP over the next 12 months.
The price action since it reached its recent peak of $4.97 is disappointing though not entirely unexpected. Share prices do not go up in straight lines.
Still a strong buy sentiment from me.
Ann: ADH FY2021 Results Announcement, page-36
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Last
$2.07 |
Change
0.060(2.99%) |
Mkt cap ! $361.5M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.08 | $2.02 | $718.7K | 348.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4720 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 13408 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ADH (ASX) Chart |