I find it interesting when I hear that a P/E is high or low - compared to what? I also find it useful to take a long term view for the real picture rather than a 'snapshot'.
eg.
Consistent and impressive sustained growth in earnings over 5 years with a sudden change from 2020 to 2021. Can anyone think of a reason for this change? I'm sure I read something somewhere.....
If we make the 'bold' assumption that lockdowns and border closures are not going to last forever, maybe there's a slight chance A2M may go back to increasing earnings YOY. At the current SP the P/E would be pretty cheap but I guess that's icky forward looking stuff, I'm sure we should just focus on the here and now ;-)
Media Updates, page-10102
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Last
$6.77 |
Change
0.130(1.96%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.63 | $6.77 | $6.63 | $10.00M | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2420 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.77 | 37726 | 4 |
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| A2M (ASX) Chart |