Australia's largest stock trading and investment forum Australia's #1 stock forum

X64

Click for more information

0.00%

57.0¢ ten sixty four limited

"At US$/A$ of 1.28 that translates to a FY15 EPS of c. 33c/share...

First 36 Last

Share
Profile

Follow
DSD

15,757 Posts.

10/03/15

18:04

Post #: 14890809
Share

Originally posted by CPDLC ↑

Dejavoo,

FY14 Net Profit Margin was 40% and EPS was US$0.15. I also calculate 1H15 Net Profit Margin as 40% with EPS at US$0.12 (annualised at US$0.24/share).

For FY15, with Net Profit Margin at 40% over the remaining 2nd half I estimate full year EPS at c. US$0.26/share, assuming PoG remains at c. US$1200 until June.

At US$/A$ of 1.28 that translates to a FY15 EPS of c. 33c/share (so current share price is indicating a PER of just 3x).

The market will apply whatever multiple it wants, but 3x looks ridiculously low as MML returns to positive free cash flow. NST currently sits at a PER of 13.6x and EVN is 7.1x. So I would have thought a 10x multiple would be a reasonable starting point (ie a SP of A$3.3 at financial year end).
CPDLC

Expand

"At US$/A$ of 1.28 that translates to a FY15 EPS of c. 33c/share (so current share price is indicating a PER of just 3x)."

SP now 86c = PE of just 2.60. Plus AUD weaker today and dropping a bit further if IO price continues to fall. If you feel POG can hold and then rise hard to find better than MML. But miners have no pricing power. Will another bigger GFC be good for gold?? Who knows. I rule nothing out.

MML Price at posting: 86.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

NWH

NRW Holdings voted Wealth Within's hot stock tip

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

There are more pages in this discussion • 26 more messages in this thread...

First 36 Last

Add X64 (ASX) to my watchlist

SPONSORED BY