APE 0.59% $10.18 eagers automotive limited

Ann: Forecast Financial Result - 12 months ended 31/12/2020, page-2

  1. 10,429 Posts.
    lightbulb Created with Sketch. 2049
    It just keeps on getting better IMO.
    Underlying operating profit before tax for FY20 is $209.4mil - the first half to Jun20 it was $40.3mil so they earned $169.1mil in the second half. If you extrapolate that rate for a full year gives you $338.2mil pre-tax or $236.7mil after applying 30% tax rate - so that equates to a PE of 15 which IMO is very respectable given that new car sales are yet to recover in any meaningful way and this is where most of the dollars are earnt.
 
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