Originally Posted by
Beagle
110m / 226.83m shares = FY19 underlying eps of 48.5 cps. $6.86 / 0.485 = FY19 forward PE of 14.1.
Very cheap forward PE for a stock that arguably has the best history of growth in the NZX. Expansion into Australia will start to lift earnings in FY21 and beyond too.
Naysayers predicting a property market collapse have been proven wrong, yet again for the umpteenth time.
Some people simply don't want to understand that the vast majority of SUM's villages are outside the Auckland region and regions have been growing strongly.