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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Last
$36.72 |
Change
0.820(2.28%) |
Mkt cap ! $3.395B |
Open | High | Low | Value | Volume |
$36.28 | $37.27 | $36.24 | $14.26M | 387.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1362 | $36.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.90 | 604 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1362 | 36.650 |
1 | 3101 | 36.620 |
4 | 1979 | 36.600 |
1 | 680 | 36.590 |
1 | 612 | 36.570 |
Price($) | Vol. | No. |
---|---|---|
36.900 | 604 | 2 |
36.950 | 1355 | 1 |
36.980 | 3101 | 1 |
37.000 | 1451 | 3 |
37.010 | 680 | 1 |
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