This is not correct on PE as others have pointed out, but the real valuation story is not picked up in the PE. Free cashflow yield a more meaningful and reliable indicator. Over 13% present. Rare to be this high. Such metrics used in buyouts / takeovers and with government bond yields and bank rate around 3% level, looks exceptionally attractive. An acquirer could finance acquisition through a large debt component (e.g at 7-8%, cut cost further, drive some growth from leaner base and pay off debt quickly with excess cash. Too cheap on free cashflow it generates at this enterprise value
ISD Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
