Interesting ... my spreadsheet came up with a ROE of 5.7%. While still not flash ... which input do you use to arrive at 4.3%? Did you take out the gains through currency movements?
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BP they generated $24.6m in free cash flow and then pay out $43.3m in dividends. Wow they must be confident in the future
I get ROE of 4.3%
Market screener has profit for FY24 at $53m. Trading already behind last year so somehow they will still improve by 47%???? How?
I dont believe it
Based on past observations are financial forecasts always uncorrelated to what is going to happen - i.e. it makes sense not to "believe" the forecasts collected by market screener (or anybody else) if you want to use them as model for what will happen.
If you use them however as just one possible scenario of what potentially could happen, than I found them as good as any other forecast.
Sometimes I find it useful to just develop a potential scenario which could make a particular forecast happen.
I could see a number of scenarios allowing KMD to improve its profits this FY. Whether they will happen, is another question - but then, I didn't predict in 2019 neither FPH's nor ATM's amazing fortunes (and later downturn), nor did I predict in 2021 the outbreak of Putins latest war and the related company profits or lack thereof.
So, just imagine the world returning to their senses and local as well as international tourism booming. I am sure, KMD would benefit from that.
Imagine a world improving their environmental thinking and moving to buy better stuff (and less often) instead of buying every season cheap junk. KMD would benefit from that.
Imagine a world where more people want to rediscover the outdoors and need the right gear to do that. KMD would benefit from that.
Could all happen, couldn't it? Maybe it depends just on whether you are an optimist or a pessimist?