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
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Last
$117.48 |
Change
-3.750(3.09%) |
Mkt cap ! $12.26B |
Open | High | Low | Value | Volume |
$121.56 | $122.51 | $117.36 | $23.41M | 196.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 294 | $117.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$117.63 | 47 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 256 | 117.200 |
1 | 191 | 117.170 |
4 | 69 | 117.000 |
1 | 1909 | 116.920 |
1 | 110 | 116.900 |
Price($) | Vol. | No. |
---|---|---|
117.890 | 191 | 1 |
117.990 | 159 | 1 |
118.100 | 1109 | 1 |
118.200 | 152 | 1 |
118.280 | 1109 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$117.36 |
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Change
-3.750 ( 3.43 %) |
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Open | High | Low | Volume | ||
$121.78 | $122.51 | $117.36 | 18727 | ||
Last updated 15.59pm 04/06/2024 ? |
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PME (ASX) Chart |