With earnings generally static at a bit over 5 cents per share, trading at around 16x at current price - pretty expensive. Dividend yield is good and IMO the main thing supporting the price.
But cashflow is going to hurt in my view with the almost 100% payout of dividends, considerable growth in debt due to major distribution centres and they are still actively talking M&A, plus the recent buybacks. I don't think much of their capital management.
Can't say it is an appealing investment at certainly not at current multiples.
With earnings generally static at a bit over 5 cents per share,...
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Last
$2.90 |
Change
0.035(1.22%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.91 | $2.85 | $4.400M | 1.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 44381 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 14210 | 4 |
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| Last trade - 11.39am 03/12/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
