PME pro medicus limited

I am a huge fan of PME and have done exceedingly well on my...

  1. 569 Posts.
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    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....


 
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Last
$314.20
Change
4.220(1.36%)
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$312.00 $315.66 $309.65 $53.80M 171.5K

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Price($) Vol. No.
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