GLH 3.85% 13.5¢ global health limited

The ultimate value from any investment is the cashflow it...

  1. 1,708 Posts.
    The ultimate value from any investment is the cashflow it generates. You cannot pay wages with earnings. But earnings can be manipulated to say anything you want. Just a counterbalance argument to your simplistic PE 6. If you expense all R & D (which is what CSL does), the earnings multiple is not quite that flash anymore.
 
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