1. I never said Equity deserved the same multiple as cash, that would mean a valuation of $28 for fmg.
2. I clearly said investors need to discount with a margin of safety, if I wasn't adjusting for risk the valuation would be either $28 at the cash rate, or well over $9 at your 10% figure, the original posted was claiming $5.50 was over valued, thats the price I was responding to.
3. as I laid out in another post, that is largely covered by the depreciation and amortisation charge
Iron ore price, page-863
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Last
$26.61 |
Change
0.580(2.23%) |
Mkt cap ! $81.93B | |||
| Open | High | Low | Value | Volume |
| $26.32 | $26.61 | $26.10 | $130.7M | 4.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9149 | $26.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.61 | 103276 | 6 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$26.55 |
Change
0.580 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $26.30 | $26.61 | $26.10 | 1169483 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| FMG (ASX) Chart |