I don't disagree MAH is undervalued, but I think 69c is way overs.
You have to consider that fy2020 NPAT did not property include income tax of profits due to historical profits. So on a forward basis with MAH paying income tax, the current PE is around 10.5, not 8.5.
Therefore, I think the appropriate share price should be ~35c after the 2021 half year report.
Under The Radar, page-41
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $689.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 32.0¢ | $393.3K | 1.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31394 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 310000 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |