Changed their valuation model from DCF to PER and marked 33x p/e...

Changed their valuation model from DCF to PER and marked 33x p/e as bottom of PER cycle.

Strange way to go about it. FY21e are in line with most analysts but FY22 they are bearish af when their estimates are at 29 PER.

Their FY20e $69.8m EBIT estimates is way below $75.6m estimated average. Revenue is in line but their revenue is above forecasts. Seems to be all over the shop.. I wonder what will happen if EBIT tops $75m

EPS last FY was 35c where in the hell did they get 58c?

ROA last year was 9.52% where the hell did they get 18.2%?

ROE last year on $311m shareholder equity was ROE was 13.4% where did they get 22.2%

Its all in the FY19 accounts if you want to see.

Even their DPS growth has no alignment with revenue growth nor NPAT growth in line with dividend payout policy.

The literature has no technical know-how but full of soundbites.

Amazing people actually take this seriously. This can all be cross referenced and previous FY accounts.