A 1% change in the euro and US$ changes EPS around 0.7% and 0.3% respectively. Huntley values PPX at $3.10/share using the Morningstar 3 stage DCF model. Even a 10 basis point or 0.1% sustained lift in group margin adds 20% to valuation, rising to $3.70/share. PPX is targeting exactly this.
Good day will come everyone.
A 1% change in the euro and US$ changes EPS around 0.7% and 0.3%...
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