Valuations are fair.
Price to cashflow is through the proverbial roof therefore 150+ p/e is justified + 20% premium.
You won't see P/E trading below price to cashflow very often.
Question now is costs and competition and whether the price to cashflow is sustainable.
Taking profit here makes 100% sense. If PME records 130 price to cashflow for the FY then 150 p/e is justified even 170 p/e
Valuations are fair. Price to cashflow is through the proverbial...
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Last
$119.20 |
Change
2.740(2.35%) |
Mkt cap ! $12.16B | |||
| Open | High | Low | Value | Volume |
| $118.45 | $119.98 | $118.07 | $4.302M | 36.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 100 | $119.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.23 | 53 | 2 |
View Market Depth
| Last trade - 10.44am 16/05/2024 (20 minute delay) ? |
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Last
$120.41 |
Change
2.740 ( 3.08 %) |
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| Open | High | Low | Volume | ||
| $118.46 | $120.41 | $118.07 | 3972 | ||
| Last updated 11.04am 16/05/2024 ? | |||||
| PME (ASX) Chart |