michael feller rates m2 one of dozen buys, page-11

Hmm, let's see what we have here:

Estimates (e) for FY ending June 2011 (ie past FY):

EPS (e) 25.4 -> PE = 13
DPS (e) 15.4 -> Yield = 4.8% fully franked

Forecasts (f) for current FY ending June 2012:

EPS (f) 30.7 -> PE = 10
DPS (f) 19.8 -> Yield = 6.2% fully franked

Great management. 5 yr average annual return to shareholders 67.4% pa. Low debt 22% high interest cover of 12.

Future EPS growth over 2 years 47% pa.

All data from Morningstar, mostly averaged over several broker reports/estimates. Based on closing share price yesterday of $3.20

Even if some of those forecasts are off, this is an attractive company. Even if earnings and dividends level off, with no growth (not a likely scenario in my view, just worst case), current PE and yield look very nice.

I like this company. It would be nice if we had a bit more chatter on it on HC - what do others think?