Current market cap of ~$11.9bn.
Less cash balance of ~$2.7bn = $9.2bn enterprise value.
$0.8bn earnings this qtr = $3.2bn pa against an EV of $9.2bn.
Hypothetically if they paid a special div returning all cash to shareholders, we’d be paid ~$0.90 per share (with a subsequent drop in the share price.)
Then if they paid 90% of earnings going forward as dividends, it would be a minimum 31% fully franked dividend.
A good post earlier by GT3loui suggests pricing has bottomed, so $0.8bn/qtr and $3.2bn/pa is likely a floor.
With growth prospects P680, P1000, Posco, Calix - call me crazy, but I’m glad to not be receiving a 31% div.
Looking forward to seeing price reflect value soon.
Ann: March 2023 Quarterly Activities Report, page-117
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Last
$3.24 |
Change
-0.080(2.41%) |
Mkt cap ! $9.751B | |||
| Open | High | Low | Value | Volume |
| $3.26 | $3.32 | $3.23 | $83.81M | 25.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 106287 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 157742 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.24 |
Change
-0.080 ( 2.40 %) |
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| Open | High | Low | Volume | ||
| $3.27 | $3.32 | $3.23 | 21533662 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PLS (ASX) Chart |