You're underestimating the dilution from the capital raise - shares increased FY19:320M to FY20:710M.
Assuming 50% earning growth from Rip Curl, FY18 EPS of ~16c ($50M) would still fall to ~11c (FY20 result 5c).
Given historical PE~10, I jumped ship once it hit $1.20, and it doesn't surprise me it still hasn't pushed much further.
Not cheap now, the dilution means the previous ATH of $2.50 is equivalent to $1.125, I'd be watching inventory too.
You're underestimating the dilution from the capital raise -...
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 44.3¢ | 48.0¢ | 44.3¢ | $245.3K | 528.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 64357 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KMD (ASX) Chart |