I just did a valuation of PTM using "ROE/expected rate of return x book value"
Here is what I got
Av ROE over 8 years = 51%
expected rate of return = 12%
Book = $0.59
interestingly this company does not reinvest any of it earnings ie it pays out 100% as divi which makes calculations easy. No Barenjoey or Guzman and Gomez I suppose.
Payout ratio = 100%
.51/.12 = 4.25
which gives you the multiple
4.25 x 0.59 = $2.51
margin of safety of 25% = $1.88
the stock is trading at $2.70 today, basically overvalued by 44%
MFG is $21.24. Intrinsic value is $24.82. UNDERVALUED by 17%
which would you prefer PTM or MFG now????
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$10.57 |
Change
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Mkt cap ! $1.953B |
Open | High | Low | Value | Volume |
$10.74 | $10.86 | $10.53 | $4.603M | 430.8K |
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No. | Vol. | Price($) |
---|---|---|
15 | 1425 | $10.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.57 | 554 | 12 |
View Market Depth
No. | Vol. | Price($) |
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13 | 1720 | 10.570 |
9 | 3146 | 10.560 |
12 | 7949 | 10.550 |
9 | 3297 | 10.540 |
10 | 4561 | 10.530 |
Price($) | Vol. | No. |
---|---|---|
10.580 | 1245 | 10 |
10.590 | 2986 | 24 |
10.600 | 2944 | 21 |
10.610 | 1757 | 16 |
10.620 | 4338 | 13 |
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