Investors seems to have taken to the stock despite PE ranging 27 and near term growth depending on Bunnings & Kmart, traditionally low growth sectors. As economy slows down growth will be low. Fertiliser and Lithium prices are down for the moment. Good free cash flow though and great company.
Where is the growth coming in the next years to command 27+ PE.?
News: WES Wesfarmers Says HY Net Profit Attributable Up 3.0% To A$1,425 Mln, page-19
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Last
$69.47 |
Change
-0.540(0.77%) |
Mkt cap ! $78.79B | |||
| Open | High | Low | Value | Volume |
| $69.27 | $69.64 | $68.97 | $93.96M | 1.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3319 | $69.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.48 | 1500 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| WES (ASX) Chart |