https://www.marketscreener.com/quote...64/financials/
As I predicted before the result when the average analyst forecast for FY22 was $110m, we would see significant revisions upwards to that figure once the FY21 result was released and analysts had recalibrated their numbers and sure enough its come to pass and the revised average analyst forecast for FY22 is here and its $126m after tax for eps of 37 cps.
Average target price is $4.17. FY22 PE based on average forecast is $4.10 / 0.37 = 11.1
Analysts are expecting modest earnings growth in FY23 and FY24 with eps growing to 40 cps. This looks very conservative to me and I expect further upgrades in due course.
Hopefully they can get on top of the Waikato cases and the slightly higher number of cases in recent days leads to a surge in vaccinations.
Things will go back to a new normal sometime in early 2022 and WHS is well positioned for a massive rebound in sales.
Being honest about it I wish they would take the wage subsidies in the meantime to stop the cash burn as they can always pay them back later when the bounce-back occurs like they did last time, (if they really feel they must). The directors are taking a very brave approach with shareholders money and basically saying we don't need Government support, (kowtowing to Spindy and her legions of woke colleagues and supporters who think any form of corporate support is egregiously evil), but I think Delta and its transmissibility are different and a lower risk approach is more appropriate and would ensure they can weather this storm no matter how enduring it is.