What amount of shares are people using for EPS 2014? I'm using 458,455,000 full amount of shares not sure what the weighted average is.
2013 Normalized eps of 6.3 gives a current PE of 14
At the current price with my estimates taken from guidance
35m for FY2014 would give HNZ eps of 7.6c putting it on a 2014 PE of 11.7
43m for FY2015 would give HNZ eps of 9.4c putting it on a 2015 PE of 9.5
With over 20% eps growth forecast i see HNZ as a growth stock warranting a fairly higher PE is there any broker reports/ anyone done some research on forecast into 2016 and beyond?
But at a PE of 14 which it has been trading on (normalised) 2013 i get a 2014 value of $1.07 and 2015 $1.31. And dividends...:)
HNZ is currently my favourite stock on the NZX. Market re rating could send this share alot higher, hopefully we get some more broker coverage.
Disc: Hold :t_up: