DMP.ASX now trades on a forward yield 1.5% assuming EPS of $1.40 into FY17. This places the stock on 50x multiple and the market assumes the business can continue to grow EPS by 30%+ per annum.
Current market cap $6.5b
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks