Just a couple of points. The milestone payments are one-off so shouldn't be included in revenue for valuation purposes as they do not recur in subsequent years. That brings the revenue back to $1.8bn. The current structure for North America has graduated royalties averaging at about 12.5% and I see no reason why they would hit 15% overall as this would presuppose a top rate in ROW of about 25%, which seems unlikely. So lets keep them at 12.5%. That would give $US225 million revenues or about $AU338 million. Knock off 40% for overheads, and this gives an EPS of about $1.60 per share. Using your multiplier of 20 P/E that still brings it out to $32 per share; a realistic and still impressive figure based on Daybue alone. Throw in the blue sky of NNZ2591 and this share has lots more to offer. Although I must say I wonder why a buyer would pay 20 times current earnings per share for an income stream that has 7 years to go in the US and 10 in Europe..
- Forums
- ASX - By Stock
- Pending ROW deal??
Just a couple of points. The milestone payments are one-off so...
-
- There are more pages in this discussion • 50 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 NEU (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.09 |
Change
0.000(0.00%) |
Mkt cap ! $2.184B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 555 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.00 | 1600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 555 | 17.950 |
2 | 279 | 17.940 |
1 | 5000 | 17.500 |
1 | 522 | 17.430 |
1 | 60 | 17.200 |
Price($) | Vol. | No. |
---|---|---|
14.000 | 1600 | 1 |
14.590 | 400 | 1 |
14.630 | 251 | 2 |
14.890 | 60 | 7 |
14.990 | 4286 | 2 |
Last trade - 12.39pm 07/08/2024 (20 minute delay) ? |
Featured News
NEU (ASX) Chart |
Day chart unavailable