Them the breaks. We all live and learn.
At its peak it reached $28.5 or so. We may not see that again for another 10+ years.
How so?
Say FY22 is 50cps. If the business does really well* and grows earnings at 10% cagr for a decade, they will reach 142cps by FY33!
20 x 142cps = $28.4
Valuation is king. Tune out to all the unnecessary noise.
*Note - they grew earnings at less than 10% cagr over the past decade in the monopoly they created in Australia. So good luck growing faster than that in the mature US market. It may take much longer than a decade to get above $28 again.
Ann: HY22 Investor Presentation, page-71
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Last
$28.00 |
Change
0.050(0.18%) |
Mkt cap ! $18.08B | |||
| Open | High | Low | Value | Volume |
| $28.28 | $28.39 | $28.00 | $6.296M | 224.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1419 | $27.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.03 | 1948 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| REH (ASX) Chart |