We all agree that the FAANG & Tesla & Afterpay are all over-priced and the bottom will fall out of their share prices at some stage. But APE does not fall into that category as the Dec20 half yearly accounts clearly show -
Net Profit before tax from continuing operations for year to 31Dec20 280.1mil
Net Profit before tax from continuing operations for half year to 30Jun20 61.4mil
So NPBT for six months to 31Dec20 218.7mil less tax at 30% is 65.6mil
So NPAT for six months to 31Dec20 153.1mil extrapoliated to 12 months = 306.2mil
Current Market Cap is 3.766bil so currently on a PE ratio of 12.3
I would say that is a conservative PE ratio for this substantial business and it's not currently being priced for any further growth.
We all agree that the FAANG & Tesla & Afterpay are all...
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Last
$12.01 |
Change
-0.070(0.58%) |
Mkt cap ! $3.106B | |||
| Open | High | Low | Value | Volume |
| $12.10 | $12.24 | $12.01 | $7.488M | 619.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1812 | $12.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.12 | 3552 | 4 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$12.09 |
Change
-0.070 ( 0.40 %) |
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| Open | High | Low | Volume | ||
| $12.17 | $12.24 | $12.05 | 84716 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| APE (ASX) Chart |