Since this is no longer a growth stock it can't be trading at high multiples like it did in the past. With annual earnings of around 250m i'd give the company a P/E of 15 which comes to a market cap of 3.75 billion add a billion of cash that the company has on to that you'd came to a reasonable market cap of 4.75 billion.
So id say it'll be good buying around the $5.5-$6.5 mark.
The company should then really consider using the billion dollars it has to buy back some shares which imo is the only way it can grow EPS for the next few years
Chart Update, page-18140
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Last
$5.46 |
Change
-0.150(2.67%) |
Mkt cap ! $3.953B | |||
| Open | High | Low | Value | Volume |
| $5.57 | $5.59 | $5.39 | $18.07M | 3.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5499 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.48 | 19850 | 4 |
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| Last trade - 16.10pm 16/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |