HVN net profit of 450 million and market cap of 4.60 billion there abouts is a PE of say 10.5.
MYR with a PE close to 8.5 or there abouts.
Both HVN and MYR are set to improve their online sales over the next few years, year on year most likely by over 30% plus per year for the next 3 or more years.
Youve seen what online growth expansion has done to Kogan.
With Myer at 65c and Kogan at $4.90. I would be very surprised if that spread isnt alot closer in the years ahead.
Kogan looks at its short term peak and MYR looks close to a cycle Low.
All IMO
DYOR
MYR Price at posting:
65.3¢ Sentiment: Buy Disclosure: Held
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