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).
This company is so cheap. EPS is 3.7 cents so it is on a PE of...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $721.9M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $21.60K | 64.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 184198 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 160766 | 8 |
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| Last trade - 10.18am 18/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |