Agree. CKF has still got a low PE of 10.46 compared to the broader discretionary consumer index of 17.15 and peer (RFG) of 20.17.
Given CKF outstrips these two on EPS growth, investors can expect further SP appreciation going forward (an SP of around $5 may be indicated if CKF's PE goes any way to matching the rest of the industry, but this is just a one dimensional indicator, so speculative at best!)
The only dampener for M&D investors is the DY. With CKF now focussing on store refurbishment, escalation of its snag stand roll out, and building the Sizzler JV business in Asia, the payout ratio is bound to stay moderate with DY already falling below its peers.
CKF Price at posting:
$3.38 Sentiment: Buy Disclosure: Held
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