Good update from the company. I took the opportunity to spend some time reviewing IFL this morning as it has been on quite a run since it's recent lows.
With an estimated FY profit of 150m (this may or may not be high or low) at the current price we are trading close to 18x PE. With the large amount of change IFL is implementing in the business (uncertainty in earnings) it seems like it's pushing a bit above its weight and should be trading under 15x.
The upside here is if earnings come in well above my estimate, say 200m (this would be record earnings for the company). If this happens, we would be trading between 13-14x PE which is probably about right for those earnings. However, if earnings do come in at or below my estimation, a share price of around 5.5-6.5 seems to be more likely.
With the above said, I see limited upside currently at today's price, until IFL can prove there is upside to earnings. I suspect most investors won't be willing to pay close to 20x PE for a company with 4 years of consecutive profit % losses, until the numbers are released.
Good update from the company. I took the opportunity to spend...
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Last
$2.36 |
Change
-0.060(2.48%) |
Mkt cap ! $1.582B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.34 | $4.314M | 1.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 60015 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 46817 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.36 |
Change
-0.060 ( 3.10 %) |
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| Open | High | Low | Volume | ||
| $2.42 | $2.43 | $2.34 | 407169 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IFL (ASX) Chart |