Kind of a different article discussing the Lynas price to earning ratio (P/E) and how the unseasoned investor would look at this statistic and throw Lynas out as an investment. The author goes on to actually recommend Lynas but I find the discussion of future earnings to be interesting...
OK, let's assume annual earnings at $75m and outstanding shares are around 750m. Quick math show earnings per share to be $.10/share annually. Now the P/E for Lynas is the current share price divided by the earnings. $2.30 per share gives a P/E of 23 which is extremely low for a growth stock like Lynas. My point is that $.10 per share at this early stage could potentially set up a sweet dividend down the road...
IMO there has been little focus by investors on the earnings and things seem to be pretty stagnant on the Eastern front. Personally I am enjoying the calm knowing that Lynas is pumping out those RE's every day while growing through innovative plans like the NEXT program...
At the end of the day P/E means little to the actual performance of Lynas but the fact that the analysts are looking and evaluating earnings has to be a good thing...
https://finance.yahoo.com/news/lynas-corporation-limited-asx-lyc-233101733.html
- Forums
- ASX - By Stock
- P/E...
Kind of a different article discussing the Lynas price to...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 6.840 |
1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.950 | 1000 | 1 |
6.970 | 599 | 1 |
6.980 | 15330 | 3 |
7.000 | 10409 | 3 |
7.010 | 2200 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online