MRE
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0.00% 87.0¢ minara resources limited

jbm vs mre : relative pe

  1. Eos
    394 Posts.
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    28/09/06
    17:31
    Post #: 1822007
    Dear All

    As of close today MRE is trading at a prospective PE of 7.33 vs JBM at 12.95.

    Given MRE will surprise more to the upside on earnings than JBM, MRE is trading at quite a discount to JBM.

    Applying even the same PE to MRE as JBM, we arrive at a share price of $6.98.

    If fundamentals are driving the share price, we have some way to go yet.

    Regards Eos
    MRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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