Tell me if I'm wrong.
I figure the implied PE Ratio of the new stock to be 6 or less depending on how much you deduct from the $667M forecast EBIT for Interest and Tax.
$M
Equity/Price 1786
Debt 3762
Assets 5548
EBIT 667
Interest & Tax 367
NPAT/Earnings 300
Price/Earnings Ratio 6
Given the industry standard ranges from 9 to 12, does this suggest that the stock could open up to 50% higher than the issue price or even higher.
Looking optimistically to the sky
Seahawk
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Tell me if I'm wrong.I figure the implied PE Ratio of the new...
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