Pauley 2, you are right that value is something to be mindful of. Which leads to the question - is WOW offering its shareholders value?
Just because a company is a great company and has everything going for it (dominant market position, strong cashflow etc), it doesn't mean it is good value at the current share price. WOW's P/E ratio is just under 18 based on 2009 forecasts. Even based on 2011 forecasts (which are assuming growth in EPS of 10% per annum) the P/E ratio is over 14. I'm not convinced in the current economic environment that 10% EPS growth is achievable even for a market dominant supermarket chain (especially as competitors are starting to come out of the woodwork - even though I don't see Costco and Aldi as a threat to Coles and Woolworths position as market leaders they will make a dent in growth).
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Last
$34.35 |
Change
0.045(0.13%) |
Mkt cap ! $42.02B |
Open | High | Low | Value | Volume |
$34.33 | $34.69 | $34.31 | $26.31M | 763.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3357 | $34.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.35 | 6103 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4385 | 34.320 |
7 | 2216 | 34.310 |
7 | 1257 | 34.300 |
3 | 984 | 34.290 |
5 | 1585 | 34.280 |
Price($) | Vol. | No. |
---|---|---|
34.340 | 3123 | 17 |
34.350 | 1513 | 11 |
34.360 | 1775 | 15 |
34.370 | 1301 | 12 |
34.380 | 1498 | 12 |
Last trade - 13.33pm 12/07/2024 (20 minute delay) ? |
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WOW (ASX) Chart |