Originally Posted by
Vaygor1
Hi Winner.
Not sure if that is an apples-for-apples comparison.
Published eps uses earnings per share under IFRS calc methods, not underlying Profit.
ie For underlying profit, the must recent audited full year result was $184 million or 35.6 cents/share.
By my calcs a fair Shareprice for this underlying Profit is $10.26 so right now the share is a bit cheaper than it has historically been using this measure... this is because market sentiment prevails due to perceived slow-down in RYM growth.
Using the current latest audited Underlying Profit of 35.6 cents/share and utilising your method with a PE of 20 produces a SP of $7.12 ... considerably lower than it is at present.
Value your input as always, and happy to be corrected. :)