We need to go
into the newly released figures to understand how solid AEM’s 1Q2017 result was.
Based on the current price of $1.835,
Based on the current price of $1.835,
No of shares outstanding as of 31 Mar 17 =
43,342,258
No of shares outstanding after bonus issues =
65,013,387
Treasury shares = 1,770,371
Treasury shares after bonus issue = 2,655,557
Total shares outstanding = 67,668,943.50
Market capitalization = 124,172,511.32
NAV per share = 79.7 cents
EPS in 1Q2017 before bonus issue = 9.47 cents
Forward p/e with 1Q profit annualized with bonus shares included = 7.266x
NAV per share = 79.7 cents
EPS in 1Q2017 before bonus issue = 9.47 cents
Forward p/e with 1Q profit annualized with bonus shares included = 7.266x
Forward
p/e with the more optimistic 3Q earnings forecasted by management with bonus shares included = 6.103x
superphang
http://superphang@blogspot.sg
http://superphang@blogspot.sg
Great find. I'm up 100% because of your idea.
ReplyDeleteI'm wondering how you get to $3.67?
This quarter's $4.1M net profit annualized is $16.4M. A p/e of 8x gets you to a market cap of $ 131.2M.
Current market cap (stock price $ 2.22) is about $ 144M.
Sorry for the late reply. Very exciting but rewarding journey for this one: I edited this blogspot once and a reader from Investingnote actually pointed out my mistake that the 1Q2017 figures were before the 1-for-2 bonus issue which had its xd on 7 April 2017. So, I took the bonus shares into consideration for both the forward p/e's. I changed the p/e from 8x to 12x in my update in Investingnote but it was my slip that I did not update the p/e in my own blogpost correspondingly. I hope I have helped my readers make some decent returns from my hard work and speed in providing a rational target price right after AEM's solid 1Q2017 financials.
ReplyDeleteHope this explains your query.