It's not cheap but a premium for quality is normal. 2H 22 EPS will not be repeated and fall back to its normal trajectory.
FY23 cash flow per share estimate is $13.30 which makes the yield 7%
FY23 EPS is $10.5 which puts earnings yield at 6% on next years estimates.
Not cheap but by far expensive. Cash earnings yield for FY23 is high thats taken into account no upgrades to earnings during the year. AGM in July and will hear more on trading conditions then. It's a hold not a buy - there are downside risks for sure.
Buy the MQG Dip, page-51
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Last
$204.69 |
Change
0.880(0.43%) |
Mkt cap ! $78.38B | |||
| Open | High | Low | Value | Volume |
| $205.91 | $207.57 | $204.01 | $167.1M | 819.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $204.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $204.69 | 8739 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |