-
Share
12,881 Posts.
1428
14/10/09
04:39
Share
Just a couple of points
Payout ratio of Mermaid Marine's profits per share was 41% last financial year
Price earnings per share on this years earnings indicates Mermaid Marine Australia is at a P/E multiple of
9.43 - 11.32.
This is calculated on earnings of 25 - 30 cents per share.
Therefore the share price of Mermaid Marine Australia, currently as $2.83 is cheap based on FY 2010 earnings
The historical P/E is irrelevant for growth stocks like Mermaid Marine Australia
The above comments are my opinion as should not be construed as investment advice
-