CDD 2.38% 43.0¢ cardno limited

I started thinking about where the SP should actually head...

  1. 1,561 Posts.
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    I started thinking about where the SP should actually head to.

    Oustanding Shares 431m
    NOPAT = $50m with potential upside surprise

    If we say similar businesses are valued at say 8 X NOPAT that would mean CDD should have a value of around $400m

    Take the $400m and divide it by the outstanding shares and you get $0.928/share

    Have I missed something?
 
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