I somewhat agree. If iron ore stays where it is, MIN is way undervalued. Iron ore will drop, the question is when. Maybe in 5 years but I think next year after a vaccine.
I still think even factoring in a price drop of iron ore, it's undervalued but not way undervalued.
Just looking at the ROE, book value, cash flow, P/E, etc. with no real calculations, my thumb in the air valuation with the iron ore risk is $45 (don't take this as any advice, I am a complete amateur). If the price of iron ore were to stay where it is for a long time, hmm, north of $100???
Either way, it's a quality well run company so I will just keep my holding.
Ann: FY20 Results Information Pack, page-45
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Last
$55.92 |
Change
1.160(2.12%) |
Mkt cap ! $10.95B | |||
| Open | High | Low | Value | Volume |
| $55.25 | $55.92 | $55.14 | $53.91M | 969.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 349 | $55.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $55.94 | 988 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |