I agree, P/E is useless for valuing TCL. What works for me is using Price / Free Cash Flow per share. Based on my estimate of 10% growth in FY17 to around $1018M, that would put this measure at 21. Hardly nosebleed territory.
Results just out indicate that Free Cash Flow in the first half increased by 47.5% to $680M. If continued for the full FY17, the actual Price / Free Cash Flow per share will be a lot lower than 21. Not sure yet why Free Cash Flow is so strong. I will keep my valuation assuming 10% increase this FY until I am sure it will be better. Always prefer to be conservative.
I agree, P/E is useless for valuing TCL. What works for me is...
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Last
$13.30 |
Change
-0.090(0.67%) |
Mkt cap ! $41.34B | |||
| Open | High | Low | Value | Volume |
| $13.25 | $13.34 | $13.21 | $77.44M | 5.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $13.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.32 | 1715 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |