Overall a good report and outlook looks good with a slow and substained build up, including increasing long term service revenue on the cumulative amount of the vessels sold.
Shares on issue 350 million. At SP of $1.77 that's a mkt cap of $620m.
NPAT for FY18 is $39m and so the PE is a little less than 16.
Given the order book of $3 billion, and an expectation of ongoing orders, ASB can keep the revenue going at similar levels and with the improved margins, profit can increase a small percentage per annum.
So I would think a PE of somewhere around 18 would be reasonable.
Based on that simple analysis, a share price rising to $2.00 would make sense to me.
(And I know, sense doesn't always takes priority in the share market)
Overall a good report and outlook looks good with a slow and...
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Last
$3.16 |
Change
-0.050(1.56%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.24 | $3.14 | $2.334M | 733.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6465 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 11605 | 4 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
