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 ;-)
I find it interesting when I hear that a P/E is high or low -...
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Last
$6.61 |
Change
-0.035(0.53%) |
Mkt cap ! $4.800B | |||
| Open | High | Low | Value | Volume |
| $6.61 | $6.66 | $6.58 | $7.701M | 1.164M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 11973 | $6.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.61 | 10066 | 13 |
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| Last trade - 13.14pm 20/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |