DMP is serving specific market requirement of low price and appropriate quality. That market is always there in any economy.
In the investor presentation, DMP is expecting 3 to 6% same store revenue increase. If you assume store expansion is non existent for next two years, same store sales increase at 4% should provide $100m. If the DMP business expenses remain on same proportion as last 2 years on revenue, the $100m increase will absorb 65% variable increase in cost and providing $35m increase in bottom line improvement before tax. EPS increase around 25 cents per annum. At that rate $1.9 eps in 2026 Fy is very achievable even without Japan firing. Restructuring cost savings of $50m promised one year back is still to flow through.
What I am getting at is current SP is ridiculous low even after accepting Japanese market is going to be flat for some time. As much as $160 share price was based on DMP cracking Japanese market , current prices is based on DMP market collapsing. As we know ANZ, Germany , balance Europe markets are doing well, I am expecting share price to turn around with annual reporting period.
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$29.94 |
Change
-0.050(0.17%) |
Mkt cap ! $2.722B |
Open | High | Low | Value | Volume |
$29.99 | $30.20 | $29.88 | $9.652M | 321.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 15 | $29.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$29.94 | 638 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 15 | 29.920 |
1 | 20 | 29.900 |
1 | 180 | 29.870 |
1 | 60 | 29.850 |
1 | 170 | 29.820 |
Price($) | Vol. | No. |
---|---|---|
30.050 | 1873 | 1 |
30.100 | 1780 | 1 |
30.200 | 2000 | 1 |
30.290 | 500 | 1 |
30.430 | 1007 | 1 |
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