Because valuations are more than just earnings for a particular year.
It's a pretty much derisked assets that is unlikely to require more debt or dilution, has in flight growth initiatives. It's the best placed when Lithium prices turn.
NPAT will be less than $750M but even if it was that applying 8x P/E would mean it was worth $6B, so $8B isn't far off is it?
Good News & Bad News, page-37349
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Last
$2.86 |
Change
-0.200(6.54%) |
Mkt cap ! $8.608B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.96 | $2.85 | $61.44M | 21.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 163532 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 44591 | 3 |
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| PLS (ASX) Chart |