NCK 2.61% $15.29 nick scali limited

Upgraded earnings again!, page-65

  1. 16,711 Posts.
    lightbulb Created with Sketch. 8162
    "Great result
    NPAT EBIT EPS Dividend growth are >40%
    it is good value to buy as P/E 15"



    @HSP.

    Yes it was a great result, but that is history now; hte issue for the market pricing of the stock is what happens in the future years.

    Also, not too sure where you get 15x P/E from.

    Even based on FY2017's EPS of 46cps, the trailing P/E is 14.4x.
    If your 15x multiple is based on prospective numbers, then it means you are assuming a contraction in earnings. Is that the case?
 
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