I have mentioned for few months, current valuation are in the acceptable range based on 2024 to 2027 FCST earnings.Past two years high pe was due Covid period boosts to the bottom line. Then came inflation squeezing margins of DMP. Higher interest rate followed impacting future earnings. That is why SP reduced from 150 range to 40+ something. Now that next few years( 2024 to 2027)FCST earnings are visible , investors are giving a bit higher PE bringing it back to Fifties. restructuring savings of net $60M is a big help. With EPS expected to hit $2+ in 2025& beyond and inflation and interest rates coming under control, I can’t see any reason why pe can’t go back to 28 to 30 range, same as US pizza or MCD. Once investors start focusing on 2026 beyond SP of $65-70 will be in sight .
TP $100, page-406
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Last
$36.31 |
Change
0.180(0.50%) |
Mkt cap ! $3.317B | |||
| Open | High | Low | Value | Volume |
| $36.41 | $36.72 | $36.14 | $4.506M | 123.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2302 | $36.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.32 | 63 | 2 |
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| Last trade - 13.10pm 17/07/2024 (20 minute delay) ? |
| DMP (ASX) Chart |