Under the section titled ‘The Target’, recommends using ten year average metrics.
Here there is another Target Buy price of $14.36.
Suggestion is to use the ten year average EPS is $1.15.
Poster is suggesting a PE Ratio based on this of between approx 11.8 ($13.46) and 12.5 times ($14.36).
There are also three year average metrics. If you chose to use these metrics with above PE Ratio’s, $1.91 EPS, a price target range of $22.54 and $23.88.
There is also a suggestion of valuing based on 8x and 10x PE Ratio. At the above prices, there should be sufficient margin of safety if you wanted to buy long term, but Platinum is currently on 9x current earnings (which is at the three year average).
Best of Luck Lost
MFG Price at posting:
$29.36 Sentiment: None Disclosure: Not Held
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