EAX currently trading on 16.9x forward PER with 10 - 15% EPS growth.
That's pretty good for a business that generates a lot of free cashflow.
What's more interesting is if growth accelerates strongly in FY15 as they have hinted at.
Fosters seem to be the only broker than has done some real work on this and have a $5.46 valuation - the key driver of this is that EAX is a business that has good growth prospects and is capital light, and therefore able to generate an exceptionally high ROE and therefore very valuable. This is why REA, CRZ etc trade on "high" PER multiples compared to "real world" businesses that have inventory, manufacturing plants etc that all cost money. EAX should be trading on a PER of 20 - 25x IMHO.
EAX currently trading on 16.9x forward PER with 10 - 15% EPS...
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.47M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23605 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 8000 | 1 |
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| Last trade - 11.19am 12/11/2024 (20 minute delay) ? |
| EAX (ASX) Chart |
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