According to some analysts, Lynas will be clearing $600m annual profit by 2023, which would be a PE ratio of about 9.
I haven’t seen the reports so I don’t know what their assumptions are.
Stocks in the basic materials sector have PE ratios over 30.
So, that suggests a 3x share price growth over a few years.
According to some analysts, Lynas will be clearing $600m annual...
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Last
$6.51 |
Change
-0.050(0.76%) |
Mkt cap ! $6.099B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.61 | $6.49 | $13.64M | 2.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40310 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.52 | 711 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$6.51 |
Change
-0.050 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.61 | $6.49 | 583098 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| LYC (ASX) Chart |