Originally Posted by
Maverick
I don`t get how ARV says HY1 EPS is 5cps.
Underlying profit is 23.4m with 542.9m shares on issue. , that`s EPS of 4.3cps.
Even when I refund any tax back into the equation ( to compare it more accurately with its peers who pay negligible tax) I still only come up with 4.5cps.
So by my workings @ $1.55 that`s a PE of 18 (at 4.3 eps) or a PE of 17.2 (at 4.5 eps)
At their eps of 5 cps its a PE of 15.5- surely they must be correct but I just cannot see how they figure that.
Until I can figure out how they came up with 5cps ,for me , ARV should be no more than $1.40. Even with their 5c eps it think its slightly overvalued compared to others in the sector.
If anyone can point out what I`m missing on this I`d appreciate the assistance, otherwise I`ll email ARV