This company is so cheap. EPS is 3.7 cents so it is on a PE of 6.5 !!!! NPAT $77m and Market Cap $506m. Guidance for FY22 shows that results will most likely improve up to 10% with EBIT (A) increasing from $95m in FY21 to $95-$105m for FY22.
The Order Book is $5B meaning years of revenue already covered and the tender pipeline is $7B meaning enormous opportunities are ahead.
At some point, sentiment will switch and I see a PE of 10 being reasonable particularly when the outlook, given the order book and tender pipeline is reliable and predictable. At a PE of 10 the price would be 37cents. I believe sentiment will creep up slowly or receive a sudden positive bolt up once the significant Indonesian Batu Hijau project is confirmed (which MAH have advised will be sometime in FY22).
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Ann: Macmahon FY21 Results Release, page-3
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Last
28.0¢ |
Change
0.015(5.66%) |
Mkt cap ! $603.3M |
Open | High | Low | Value | Volume |
26.5¢ | 28.0¢ | 26.0¢ | $898.5K | 3.270M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 59540 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 162033 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 800 | 0.285 |
1 | 30000 | 0.275 |
2 | 74694 | 0.270 |
6 | 80684 | 0.265 |
8 | 342245 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 16000 | 1 |
0.280 | 198466 | 8 |
0.285 | 248306 | 6 |
0.290 | 450146 | 10 |
0.295 | 525753 | 9 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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