They have increased there FY earnings increase from 10-20% to 20-30%. At 6.85 if it hits that 30% target then it’s PE will be around 28-29 assuming no increase in shares on offer. Repeat that grow in 2022 and you are looking at a PE ~22. Even reducing grow to 10% you are looking at a PE ratio ~20 at 6.85 FY24. Assuming grow of 15%/yr for the 5yr period 22-26 and using a PE ratio of ~20 (closer to MAQ) you are looking at $11-12. Thats conservative in my mind. The lending and MA will grow (think post GFC the MA opportunities) and they are increasing their target markets to accumulate their investment funds.
Still a significant potential of growth, but with a higher risk than other listed asset managers, page-3
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Last
$8.02 |
Change
-0.040(0.50%) |
Mkt cap ! $1.471B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.13 | $7.92 | $798.7K | 99.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1229 | $8.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 12345 | 1 |
View Market Depth
| Last trade - 16.10pm 04/08/2025 (20 minute delay) ? |
| MAF (ASX) Chart |