Yes I think I would add back the depreciation charge of $40mil to the profit figure to make it $197mil - the market cap is $462.7mil so P/E ratio is 2.35.
At least two-thirds of the depreciation charge relates to asset values re-instated from 2016 that were written-off previously - they might get value by depreciating them as it could extend that tax holiday by another year at least.
FY25 P&L Prediction, page-8
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$1.35 |
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Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.34 | $276.3K | 204.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1340 | $1.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 3824 | 1 |
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