Hi Mars, by theoretical discount rate I was referring to what I was prepared to pay rather than the market. To me a 5% FCF yield in a company that can produce compound earnings growth of 10% seems pretty decent when I can only get 1.9% p.a on cash or pay 4.5% p.a. on borrowings. ARB is a different risk/reward proposition at $15.00 than $23.50. A PE of 20 seems reasonable, I agree that a PE of 30 doesn't and I wouldn't buy at those levels. If the market falls another 20% and a basket of stocks like ARB could be purchased on a PE of 16 or so you would have a good chance of making decent money - I don't need a spreadsheet to tell me that.
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Hi Mars, by theoretical discount rate I was referring to what I...
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Last
$47.35 |
Change
0.180(0.38%) |
Mkt cap ! $3.898B |
Open | High | Low | Value | Volume |
$47.00 | $47.79 | $46.96 | $5.285M | 111.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 477 | $47.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$47.41 | 966 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53 | 47.030 |
1 | 21 | 46.870 |
1 | 500 | 46.860 |
1 | 1000 | 46.330 |
1 | 200 | 45.280 |
Price($) | Vol. | No. |
---|---|---|
47.840 | 233 | 1 |
47.900 | 20 | 1 |
48.000 | 75 | 1 |
48.500 | 190 | 1 |
48.800 | 25 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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ARB (ASX) Chart |