fy2015 ev/ebitda of 5.9 vs average of 10
fair value equal to todays closing price assumes average eps of 15c with 0% growth over 10 years (10% discount rate)
analyst eps estimates sit between 11 and 13 for 2015/2016/2017 vs myers long term average of 16.5c
these estimates suggest that the current share price might still be overvalued
yet analysts are also forecasting a small increase in sales growth each year and a sizeable decline in net margin
if earnings continue to miss targets then less cash will be available for shareholders
dividend would be reduced but they could still manage a reasonable 4% yield worst case (if you bought today)
if share price fell then this would only increase
but lets assume the absolute worst and play around with liquidation value..
to get a 5 year liquidation value of $1.32 you would have to write off 75% asset value (assuming constant rate of decline from the peak of the business cycle)
if shorts manage to push the price down through $1.30 support then the case for a myer long starts to build
factor in the possibility for a takeover and you could have one of the few viable contrarian plays
unfortunately i have a meeting in 5 minutes and have to rush my finish - gl to anyone jumping in early
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Last
77.5¢ |
Change
0.010(1.31%) |
Mkt cap ! $644.6M |
Open | High | Low | Value | Volume |
76.5¢ | 78.5¢ | 76.5¢ | $294.4K | 380.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 30479 | 77.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 59556 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 30479 | 0.775 |
20 | 92942 | 0.770 |
6 | 22698 | 0.765 |
10 | 72448 | 0.760 |
6 | 76960 | 0.755 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 59556 | 17 |
0.785 | 138762 | 10 |
0.790 | 33231 | 6 |
0.795 | 29259 | 6 |
0.800 | 57660 | 11 |
Last trade - 14.25pm 05/07/2024 (20 minute delay) ? |
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