AGY 5.56% 3.8¢ argosy minerals limited

General Discussion AGY, page-17036

  1. 615 Posts.
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    Multiples are good to compare companies but not to value companies.

    You first run your DCF analysis and get a NPV (the P in the P/E ratio).
    When you compare that P using multiples. The comparison is worth doing so you can later refine your DCF analysis.

    Also, please use unleveraged multiples (AGY has no debt for the 2ktpa while PLS does have debt). Otherwise, coming up with an enterprise value would be meaningless.


 
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