It's true myx is in a period of earnings uncertainty but the point that gets missed here is not the earnings impact but the impact of sentiment on PE.
Personally I have taken the approach of assuming weaker EPS this year (6c ) and growing very slowly in future years. The question is assuming even this case is a Forward PE of only 11 appropriate.
The reality is that the market has completely wiped off the entire value of the generics acquisition and this i feel is extreme to say the least . Before the generics acquisition MYX was trading on a PE of 25 due to the high growth of its other business. This growth continues therefore I think a Forward PE of 13-15 is warranted which would suggest a price of 78-90 as more appropriate . Sentiment is a powerful factor and the secret is to buy when this is low of one thinks the underlying business trades at a discount
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Last
$4.84 |
Change
0.170(3.64%) |
Mkt cap ! $397.2M |
Open | High | Low | Value | Volume |
$4.80 | $4.84 | $4.75 | $38.92K | 8.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11 | $4.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.86 | 1260 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 342 | 4.750 |
1 | 135 | 4.740 |
1 | 147 | 4.730 |
1 | 146 | 4.720 |
2 | 175 | 4.710 |
Price($) | Vol. | No. |
---|---|---|
4.800 | 1721 | 5 |
4.810 | 505 | 3 |
4.820 | 1443 | 3 |
4.830 | 545 | 2 |
4.840 | 2117 | 1 |
Last trade - 10.16am 12/09/2024 (20 minute delay) ? |
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MYX (ASX) Chart |