I am a huge fan of PME and have done exceedingly well on my investment.
That said I still struggle to see how on earth the SP has hit current levels and shows no sign of falling back.
2024 saw total revenues of $161.5 million and a profit before tax of $116.5 million yet the market values the company at $15,367 million - this is extraordinary......
I know that revenues seem to increase by very healthy amounts each year and the gross margin is amazing but the P/E remains stratospheric.
The SP was around $90 in December and the 2024 results would show a P/E of around 110 at that price.
I sold a few this week at $150 - again mainly as PME was become too large a % of my SMSF portfolio....
I am a huge fan of PME and have done exceedingly well on my...
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Last
$174.04 |
Change
1.280(0.74%) |
Mkt cap ! $18.18B | |||
| Open | High | Low | Value | Volume |
| $173.00 | $175.83 | $172.00 | $35.60M | 204.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | $173.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $174.50 | 124 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PME (ASX) Chart |