Khal , my personal opinion is that it is at fair value .
Revenue forecasted , even at lower end of 320 million gives earning per share of $1.32 ( 242 m shares on issue)
that gives you a PE of around 19.6 currently at a share price of 26 .
average 5 year PE's is around 20 .3 .with high being around 28 and low around 13 ( 2009).
therefore it is at a very slight discount to the historical PE ascribed to WOR by the market.
dividend yield is approximately 2.94% assuming the drop in earnings . I am targeting a conservative 15 % increase in my investment year on year which means I am expecting growth of about 12% . Worley's return on capital and ROE has been around the 20 region.
Even if i think it is 15 that fits my targets.
So I think it is fair value and bought today. Anything lower is a bonus and gives me a margin of safety.
I think it depends on one's time frame. As others say, the earnings outlook may not be that bad as a us dollar reversal may occur providing a upside from here , which means a good outcome. please feel free to correct numbers if any discrepancies
cheers
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Last
$14.75 |
Change
0.025(0.17%) |
Mkt cap ! $7.765B |
Open | High | Low | Value | Volume |
$14.75 | $14.82 | $14.53 | $1.127M | 76.44K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 688 | $14.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.75 | 410 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 69 | 14.730 |
7 | 1211 | 14.720 |
10 | 2505 | 14.710 |
10 | 1422 | 14.700 |
7 | 2297 | 14.690 |
Price($) | Vol. | No. |
---|---|---|
14.740 | 333 | 6 |
14.750 | 2418 | 8 |
14.760 | 2363 | 8 |
14.770 | 1444 | 4 |
14.780 | 1248 | 6 |
Last trade - 10.38am 05/09/2024 (20 minute delay) ? |
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WOR (ASX) Chart |