Net profit margin after tax at 35%: 544 mill * 0.35 = 190.4
EPS: 190.4/200 = 0.95 cents per share pre little bit of hedging
Net profit margin after tax at 30%:
544 * 0.30 = 163.2
163.2/200 = 0.816 cents per share pre little bit of hedging
net profit margin after tax 25%:
544 * 0.25= 136mill
136/200= 0.68 EPS pre littlle bit of hedging
So yeah worse case scenario we're looking at 60 something cents per share for this yr based on NPAT margin of 25% and zn price 1.45 and taking 15-20% hedging
Next yr though, betlana to add 20 cps in EPS each yr for 3 years
this yrs EPS is lower due to ONE-OFF tragedy
Next yr we're looking at 90cents per share+ due to BELTANA
prospective its cheap.
Commsec forecasts are for 70 something cents this yr.
the yield is great and production back to normal withoiut this one-off next yr.
When they present their accounts theyll do the accounting including the one-off and do the accounting without the one-off.
Everyone is experiencing higher costs nowadays when trying to increase proddy
With current ops in place and beltana next yr, EPS should remain high enough to justify a higher valuation
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held