I took the Outlook EBITDA of $280m - $290m for the year ended June, 2019 and worked up a profit after tax result which I think will be about $149m so say $150m. This would create an earnings per share of about $0.19 which in turn would mean that it's currently trading on a forward P/E of about 26. That's still pretty high for a business that has a big job in front of it.
They have the potential for cross-selling between the two groups, the potential to encroach on the plumbing fittings market as it's still early days for the Shark and the chance to reduce expenditure as the two groups learn to live together (albeit they're on opposite sides of the world).
For me it's not sensible to buy any more at this stage at this price on the basis of the calculations but there's enough there for me to continue to HOLD as I think they're a pretty smart group.
I took the Outlook EBITDA of $280m - $290m for the year ended...
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$4.53 |
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Mkt cap ! $3.557B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.53 | 35034 | 2 |
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