Woodside currently trading at P/E of 25 which is significantly higher then what it used to in past and also way more then PE relative to market so buy-back isn't a good idea. Also WDS has almost 1.89b shares outstanding so you won't be able to make a dent in their outstanding shares even with $1b worth buy back at $30 AUD / share !
So buy-back is a bad idea for WDS and market correction is correct due to high PE. Below figure is for financial year results not the current PE based on last 12 month & PE for current share price which i think will be around 24 which is also high (based on trading view).
divvy guestimate, page-15
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Last
$24.00 |
Change
-0.075(0.31%) |
Mkt cap ! $45.61B | |||
| Open | High | Low | Value | Volume |
| $23.90 | $24.07 | $23.85 | $38.69M | 1.614M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 4388 | $23.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.00 | 8111 | 56 |
View Market Depth
| Last trade - 14.28pm 11/11/2024 (20 minute delay) ? |
| WDS (ASX) Chart |