Super Retail (SUL) trade on a PE of 19.27 x with a dividend yield of 2.59% so why would AX1 trade at a lower PE with a yield of 5.40%?
IMO AX1 will within the next 3-4 weeks get to a PE of between 20 - 22 x or a ($1.25 Billion MC) that would be a fair valuation based on their forward looking statement for FY21 in the presentation.
AX1 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
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