Another way to look at the valuation, the stock has a P/B of 1.4 x for a ROE of 31 % (if we annualise H1 24 results). (with share price : 0.57 $).
Even if we take a cost of equity of 10 %, this valuation looks really low, as P/B should be at least around 3 x.
So, it means that the market remains sceptical about their ability to keep this kind of ROE.
It is probably the main opportunity for investors who believe in the sustainability of their recovery.
Ann: FY24 Trading Update, page-8
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Last
92.5¢ |
Change
0.025(2.78%) |
Mkt cap ! $161.5M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 94.0¢ | 87.0¢ | $441.1K | 487.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17500 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 4412 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |