The PE is still close to 30 for FY20 and well over 30 for FY19. For the shares to be 'cheap' with essentially no downside risk a PE of 15 is more appropriate. This would mean a market cap of $4725 NZD, equating to ~$5.90AUD per share. If it was trading at that price, yes there will be no growth built into the SP. Until it does trade at that PE, there is growth allowed for in the SP. Ofcourse it isn't going to go that low unless the business s completely broken (in which case it would probably become worth nothing).
Cheapest growth stock on ASX, page-9
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$6.85 |
Change
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Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
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