Chella, I suggest using agregators that give an insight into future earnings. These are updated as brokers update their research.
From what I am seeing, FY23 EPS earnings expectations (which should reflect your concerns) is around $1.95.
At current share prices this would still be a future PE of under 10 compared to MFG historical PE of 20. So significant de-rating by the market (which by definition actually increases margin of safety, but does not ELIMINATE risk, only reduces risk).
Hence why I am in, but hedging my bets by taking positions across multiple funds managers now the whole sector is in the dog box.
As Warren Buffett says, one pays a high price for blue skies. Well there is not alot of blue sky share price premium in fund managers at the moment
MFG Results announcement today - What is everyone's expectation?, page-11
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Last
$9.34 |
Change
0.090(0.97%) |
Mkt cap ! $1.688B | |||
| Open | High | Low | Value | Volume |
| $9.34 | $9.35 | $9.21 | $6.400M | 687.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 654 | $9.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.34 | 3023 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |