MCE 1.89% 26.0¢ matrix composites & engineering limited

My valuation of MCE (using RM's valuation method)Equity 31 Dec...

  1. 166 Posts.
    My valuation of MCE (using RM's valuation method)

    Equity 31 Dec 2009 - 41.1m
    Equity 31 Dec 2010 - 84.5m
    Average equity 62.8m
    NPAT 30.1m (2010 calender year)
    ROE 48%
    Equity/share $1.21
    Dividend payout ratio 11%
    RR 13%
    IV
    1.21x3.69x0.11=0.41
    1.21x10.50x0.89=11.27
    0.41+11.27= $11.76

    Big jump in IV as a result of much lower than expected payout ratio.
 
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No. Vol. Price($)
1 13797 26.0¢
 

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Price($) Vol. No.
27.5¢ 9150 1
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