NTG: 50% growth - PE 12!!!, page-4

NTG


The market price gives a PE of around 15 which understates the growth built in to the model. As such NTG is undervalued.

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INCOME …………......Company… Market…. Sector
Dividend Yield ………..1.6% …….3.9% …...3.9%
Franking ……………......100.0% -------------- --
Tax adj Dividend Yield 1.2% ……2.7% …..2.1%
Dividend Stability……. 100.0% …98.8% ..100.0%

Earnings and Dividends
Forecast (cents per share)
---------Curr ..2002.. 2003 --
EPS ……..7.4 …10.4 ...12.7 --
DPS …….1.5… 4.0…....5.1 –