Hi folks Love the way people keep using PE of 30 as an attempt...

Hi folks

Love the way people keep using PE of 30 as an attempt at future SP.

From the PLS annual report FY 2022/23 released Aug 2023.

Number of shares on issue 3B, Revenue $4B. basic revenue per share $1.33

Revenue after tax 2.4B so 80c per share. So EBIT PE ratio of 30 price of the share should be $24.

Price of the shares as at Annual report $5. So PE ratio applied to after tax was 6.25 not 30.

I can already hear the "Yeh-Buts" surfacing .

PLS is different to TLG. But in my mind, early on, a PE ration applied to after tax earnings of PE10-12 is a more realistic estimate of SP tool.

That's a long way from 30.

Just my opinions, DYOR

cheers Lies.

PS If there are doubters of my numbers for PLS check out the 2023 annual report.