Share
It’s an idle pastime I suppose in comparing companies like LOV and MHI to get a feel how MHI might respond when soon dual listed on the ASX.
The NZX just seems to, by comparison, consistently under value some cyclical companies like MHI, one of the reasons for the dual listing I believe, I’m not expecting a capital raise, just a compliance listing.
LOV
Market Cap: A$381M
Consensus forward FY16 eps growth: -32% (noting FY17 at 20%)
Consensus forward dividend yield: 3.6%
Consensus forward PE: 18.5
MHI
Market Cap: NZ$377M
Consensus forward FY16 eps growth: 19.8%
Consensus forward dividend yield: 6.16%
Consensus forward PE: 10.5
I think it could, in my opinion, very well lead to a significant re-rating of MHI on multiples alone, let alone the under valuation.
