Morgans thinks the stock is cheap as it is trading on a FY19 price-earnings multiple of 12 times.
That is low considering that consensus is forecasting a 30% increase in FY19 earnings per share and a yield of around 5% before franking credits. This time next year will be cycling a low industry wide period (Eagers for example fared worse most recently), and acquisitions will have full year work through.
value play, page-6
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Last
$1.00 |
Change
-0.025(2.44%) |
Mkt cap ! $73.80M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.04 | 99.5¢ | $264.1K | 262.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85050 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 4554 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MTO (ASX) Chart |