9.2% margin x 304M = $28M pQ profit
assuming CC & PAN figures are correct, no extra-ordinaries or capex
121.7/28M x 4 = 112M = PER of 1.09
MCR PER was 19.9
WSA PER was 39.0
BHP PER average last 5 years is 12.58
On current results if PAN had same PER as MCR, PAN would be at 75c right now !
And PAN has a massive 1.5MTpa MILL built and pumping on top which MCR does not.
the MILL alone would cost $400M to build taking 3 years (thats 14c ps).
Market values the MILL at $40M or 10% of replacement, LOL
Either market has the PER, MCap and MILL value all wrong or PAN is shuttered not producing today or these results are wrong & cannot be sustained at even 10% of it going forward which defies belief.
PAN ought to be at a SP today of 27c+ imho.
BHP Group PE Ratio - YCharts26 rows · Oct 13, 2023
PE
Ratio Range, Past 5 Years
3.896 Minimum Sep 26
2022 31.45 Maximum
Nov 07 2018 13.92
Average 12.58
Median PE
Ratio Benchmarks PE
Ratio Related Metrics In depth view into
BHP Group PE
Ratio including …
| DATE | VALUE |
|---|
| 1 | October 13, 2023 | 11.11 |
|---|
