I think the Cows give it the edge
Quote:
Originally Posted by
noodles
|
EV |
EBIT |
EV/EBIT |
pe |
Div Yield (gross) |
RBD |
602 |
45.1 |
13.35 |
18.6 |
5.94% |
TGH |
693 |
80.4 |
8.62 |
13.7 |
6.78% |
RBD are only part chicken, surely?
Best Wishes
Paper Tiger
If only chickens could fly
Given that I had to do some housework ahead of the arrival of our latest guest I thought I would pounce on a chicken instead.
Having crunched on a few bones I have a few scenarios for Tegel:
The 'optimistic' one values TGH at $1.575 now, rising to $1.718 a year ahead.
The 'realistic' one values TGH at $1.454 now, rising to $1.568 a year ahead.
I may show interest if the price gets down to the 'pessimistic' one value range.
Best Wishes
Paper Tiger
I will have to get the vacuum cleaner out at some point
Quote:
Originally Posted by
noodles
Thanks PT.
I would note that pre-IPO EV valuations from brokers had a mid-point valuation of $1.92. Quite a variance from your valuation.
At $1.45 TGH would be trading on a pe 12 with a gross yield of 7.6%
I wonder what valuation you would apply to RBD?
I am not a broker trying to sell it, I am a Tiger who may at some point want to buy it.
No, at $1.45 TGH is trading on a prospective one-year forward PE of 12 etc.
For that scenario I have a value of $1.57 for a year's time.
(Since I learnt that PE ratios cloud this valuation mind - I take no interest in them)
Given RBD bought NSW recently I wonder what value I would put on RBD too :).
We will have to see how realistic the prospectus really turned out to be.
I have done my sums and I gets my numbers and I am happy with them.
Best Wishes
Paper Tiger
If you can get hotels on the orange ones you will win
Quote:
Originally Posted by
Balance
... the two monopolistic players to the local market.
Quote:
Originally Posted by
Grunter
That would be a duopoly
Are we talking about the board game?
Best Wishes
Paper Tiger