This analysis reminds me why I'm not a Motley Fool subscriber.
The idea that you could model FMG with a discounted cash flow model that projects forward historical earnings growth (ignoring that the last 10 years was the company's nascent growth phase, and the investment of vast sums of capital that drove the growth) is straight out of a second-year undergraduate finance textbook.
Iron ore price, page-6285
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |