Average analyst forecast for FY19 (at this stage) is 51.9 cps, to be updated just after the company reports on 19 Sept. At $12.70 that puts SML on a forward FY19 PE of 24.5 times based on this research which may or may not be outdated. This is just a little above the NZX50 forward PE average and this for a company forecast to double its profit this year and grow strongly in the years ahead.
Happy holder and looking forward to the reporting day shortly. This is the top performer of the NZX50 this year with good reason in my opinion but I understand that some people will feel they have missed the boat and its too late to join the party now and that's fine. Each to their own...
I think it makes tremendous sense for ATM to try and take over SML at some stage soon and they'll probably have to pay in the late $teens to do it...but what would I know, that's probably my over active imagination at work again....bad dog...go on a holiday and be done with this for a while.
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