Not right to use PE's for Resources stocks - no terminal value and the "E" is a polluted number.
Better to use EV/EBITDA and look at the number 1 to 2 years forward.
NHC FY2 EV/EBITDA 6.74
CNA FY2 EV/EBITDA 5.92
WHC FY2 EV/EBITDA 5.91
Appears to be more expensive but must remember its high EPS growth.
Had a huge re-rate against the 300 Resources sector which is now almost at a relative range high. i.e Its out performance relative to the sector may well be close to finishing for now.
EPS upgrades can give the stock another leg.
afr street talk: citi upgrades nhc to a buy, page-12
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Last
$4.64 |
Change
-0.090(1.90%) |
Mkt cap ! $3.905B | |||
| Open | High | Low | Value | Volume |
| $4.72 | $4.75 | $4.64 | $7.529M | 1.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 51852 | $4.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.65 | 4114 | 2 |
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| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| NHC (ASX) Chart |
