In the 2021 full year Report released on 22/02/2022, it said that the 2021 E/S was 9.47 c/s, with a drop (of -37.5%) from last year's 15.16 c/s (see page 40, Appendix 4E). However, at the present CGC share price of $2.80, the P/E ratio is 29.6x.
Just wonder how a negative E/S growth rate of -37.5% could possibly support a P/E close to 30x.
Would anyone kindly enlightened me a bit? Thank you.
