Ann: Response to ASX Price Query, page-7

For some more color on GS valuation, they actually use three methods and pull a final number that.

EV/EBITDA (A$ / share): 3.85
P/E (A$/share): 4.85
DCF Valuation (A$/share): 4.70
12-Month Price Target (A$/share): 4.65

GS have been covering it in depth for a long enough to have a good handle on it, they provide details numbers in the analysis out to FY24

I havent seen this BJ report, but suspect its not as robust, or have as good detailed knowledge of the company.