http://www.reuters.com/finance/stock...?symbol=WHS.NZ
4 analysts have downgraded WHS in the last week.
Now only 1 hold, 4 under-perform ratings and 1 sell rating.
Consensus EPS for 2015 is only 16.54 cps.
At $2.70 with the track record of this company the market is presently saying its worth a forward PE of 16.3 times 2015 earnings.
I can totally relate to why analysts have their current ratings.
Very interesting to compare WHS with Kathmandu which recently announced a slowing in the rate of sales growth.
KMD consensus eps for 2015 according to Reuters is 19.29 cps and their SP closed today at $1.90. This gives a 2015 PE of 9.85 with their, (in my opinion), better track record.
Consensus analyst view on KMD is outperform.
If we applied the same 9.85 PE multiple to WHS we'd be looking at a SP of only $1.63 :eek2:
Room for substantial further deterioration in WHS's SP ?... you be the judge.
Disc, don't own either stock at present...might be interested in KMD after it stops dropping.