This is a very good analysis.
Trying to link the $500m NPAT back to a share price estimate. The current average P/E ratio on the ASX is around 31. Not sure if it’s appropriate to apply this to PLS, but I don’t think it’s a bad indicator (and maybe conservative) given that they are an up and coming Company which will only continue to grow over the next decade.
Xero and Afterpay were 500+ PE due mainly to market sentiment and growth.
$500m NPAT x 31 = $15.5B valuation. Which is around $5.20 share price.
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Last
$2.58 |
Change
-0.170(6.18%) |
Mkt cap ! $7.768B |
Open | High | Low | Value | Volume |
$2.70 | $2.71 | $2.57 | $74.99M | 28.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 190462 | $2.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.59 | 6931 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 190262 | 2.570 |
18 | 443095 | 2.560 |
35 | 296442 | 2.550 |
6 | 222082 | 2.540 |
3 | 3195 | 2.530 |
Price($) | Vol. | No. |
---|---|---|
2.590 | 6931 | 2 |
2.600 | 310620 | 5 |
2.610 | 644789 | 12 |
2.620 | 10762 | 1 |
2.630 | 61000 | 3 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |