Look at their price earnings ration (p/e) forecasts for 2010-2011. It's 199 cents per share or 47%. Forecasts for 2011-2012 is 231 cents or 16%.
I am surprised and you are surprised.
Based on the current share price the p/e ratio is 17. This is high compared to the average market p/e ratio of 11-14.
BHP is at p/e of 11 based on 88% growth forecasts.
RIO is at p/e of 11 based on 45% growth forecasts.
WOW is at p/e of 15 based on 14% growth forecasts.
You state that growth of 47% would put them "well above $34!!!" $34 fully factors in the best case scenario for WES in fin year 2010-2011.
I would invite you to do some research and post your findings
Look at their price earnings ration (p/e) forecasts for...
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Last
$68.95 |
Change
0.090(0.13%) |
Mkt cap ! $78.20B | |||
| Open | High | Low | Value | Volume |
| $68.45 | $69.45 | $68.03 | $71.57M | 1.039M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21 | $68.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $69.04 | 118 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| WES (ASX) Chart |