Isn’t this eternal problem Investors have to face completely contradictory recommendations. Add the Morningstar consensus Fcst of $56, which one do you pick. One thing is clear to me is all FCST has $2 +/- EPS including fat tail, if you work backwards for the latter.
Ultimately what valuation are appropriate. At $40 it is at pe of 20, when industry at 28. If you exclude Japan the growth rate was very good and still to grow in the other markets.If Japan joins the party PE will gradually go back to high twenties. The question of capital management DMP increased of equity and debt was not wasted. It was invested buying out Germany full ownership, Asian expansion of Malaysia & Singapore. These seems to be good investments at the moment, specially Germany & Singapore. ROE is very high around 30% for any industry.Cashflow is excellent. If DMP consolidate their position for 2 or 3 years without further expansion, capital will look reasonable. This will help to mitigate the interest rate increases which will hit DMP over next 3-5 years. In any case inflation coming down world over and you can expect interest rate to be down too, not pre Covid rate. As pointed out by fat tail the business model is excellent, only worried about capital control. In my opinion if business model is good and positive cashflow, anything else can be managed. Let’s not forget only issue was decline in Japanese market that created the carnage which can be fixed,
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Last
$30.55 |
Change
-0.310(1.00%) |
Mkt cap ! $2.781B |
Open | High | Low | Value | Volume |
$30.36 | $30.70 | $30.31 | $2.687M | 88.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 94 | $30.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.56 | 92 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 160 | 30.530 |
3 | 149 | 30.520 |
4 | 261 | 30.510 |
5 | 260 | 30.500 |
4 | 247 | 30.490 |
Price($) | Vol. | No. |
---|---|---|
30.560 | 402 | 6 |
30.570 | 329 | 5 |
30.580 | 223 | 4 |
30.590 | 350 | 6 |
30.600 | 380 | 5 |
Last trade - 11.38am 04/09/2024 (20 minute delay) ? |
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DMP (ASX) Chart |