The Intelligent Investor was Benjie Graham.
Peter Lynch is the Mad Butcher of Wall Street.
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Paper Tiger
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FPH down 2% today on ASX today
Hmmm
Good post mate. I struggle to see value even after the recent correction. PE of 30 given their long term track record of growth which is hardly stellar and foreseeable challenges ahead good value ?
Interesting that RYM arguably the preeminent blue chip growth story of the entire market trades at about a 5 PE discount (around 25 times underlying FY17 projected earnings).
Interesting oscillation between MA100 (upper boundary) and MA30 (lower boundary). Wondering how this is going to end - break out upwards or the gap between the MA's opening again??
Using the 100 day EMA and the 200 day EMA,I would say the chart does not look good,with the sp below both.!.
Share price $8.92
100 day EMA $8.96
200 day EMA $9.10.
courtesy of 4traders
Estimates in M NZD Fiscal Period March 2014 2015 2016 2017 2018 2019 Sales 623 672 815 902 1 022 1 148 Operating income(EBITDA) 173 202 246 277 325 377 Operating profit (EBIT) 143 170 211 239 282 328 Pre-Tax Profit (EBT) 137 159 201 236 278 319 Net income 97,1 113 143 168 198 230 P/E ratio - - - 30,6 25,9 22,3 EPS (cts NZD ) 17,4 19,9 25,0 29,5 34,7 40,4 Dividend per Share(cts NZD ) 12,4 13,8 16,7 19,8 24,2 29,2 Yield - - - 2,20% 2,69% 3,24% Reference price (cts NZD ) 900 900 900 Announcement Date 05/23/2014
10:49am05/29/2015
12:30am05/27/2016
12:10pm- - -
Thanks JT.
We can see the market is prepared to pay a PE of 30.6 for eps growth of 18%, ie eps rising from 25cents ps to 29.5cents ps.
We can then see the then projected eps growth is between 16% pa and 17.6% pa.
The market is more generous than me.
I also note the market is prepared to pay a forward PE of over 40 for POT.Interesting?
I remain content buying shares where the PE is lower than the growth rate.It really works.!!
Hello share traders! New to the forum, and a modest holder of FPH. Not a particular good day for FPH dropping from day high of 920, and closed at 897.
Hi 44wishlists ... welcome to the forum. How would you like us to abbreviate your name - 44?
You are right re FPH SP drop today, though - it is since October 2016 below the MA200 - i.e. it is technically in an unbroken downtrend and behaves accordingly.
Personally I think the SP will continue to be volatile as long as the big disruptor (Trump - controlling FPH's largest target market) hangs around. As well - while it is a good company, it still does not look cheap (using the Grahams formula to assess) ... and the market might use the current uncertainty to move overpriced stock prices towards some more sensible pricing.
DYOR and - no, not holding myself. Might move in if & when it looks cheap.