NST 0.57% $14.06 northern star resources ltd

When determining PE Ratios/EPS and other metrics the headline...

  1. 370 Posts.
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    When determining PE Ratios/EPS and other metrics the headline statutory NPAT is misleading due to a $1.92bn re-measurement gain on the merger with Saracen and other one off items. Refer to page 28 of the Annual Report as per below. I am using underlying NPAT to determine NST performance for FY21 which did not meet my expectations. This gives a PE Ratio of 10.99bn/0.3716bn = 29.57 based on Thursday's closing price of 9.44 per share and Earnings per share of 32 cents.

    On the basis of this performance and their confusing/misleading reports to shareholders I have sold down 60% of my NST holdings and reallocated to NCM and EVN who have performed better in the last 12 months.

    https://hotcopper.com.au/data/attachments/3517/3517856-b3f5641096a58a27bb73ca78bee9f4c7.jpg




    Last edited by TazD: 27/08/21
 
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