Hi XForceOne,
You realise that there is nothing specific to MSB about your reasoning? You seem to think you have demonstrated that no share could have a valuation of 30 times EPS. But they do.
The error comes where you say "... a P/E of 30, as you might know, means that if I invested $100 today, it would generate $3.3 year after year". No, we don't know that. Because it doesn't. The market is forward-looking.
Mesoblast $200 is possible, page-59
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Last
$1.13 |
Change
0.050(4.65%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.13 | $1.07 | $5.964M | 5.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 176236 | 7 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.050 ( 4.69 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.13 | $1.07 | 829227 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| MSB (ASX) Chart |