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    Jewett-Cameron

    GroupePretoriaGroupePretoria
    mars 2012 modifié dans Discussion sur un titre Vote Up0Vote Down
    • The
      estimated company value is calculated from a 0 growth perspective.        The lower end of the expected share
      price does not include any share buyback while the higher end of the
      estimation is an « ex-cash » price (cash is added to P/E ratio
      to determine enterprise value).
    • The
      margin of safety is mostly comprised of net current asset value
      (representing 25% of the share price) and fixed asset value
      (underestimated related to amortization of old buildings accounted at
      purchase price).

    P/E of 8 without share repurchase: 9.6$/share

    P/E of 8 ex-cash : 11.52$/share

    Expected profitability on investment: 1.58$ (20%) to
    3.50$(43%)

     

    http://pretoriainvestment.com/2011/12/12/jewett-cameron-simple-business-clear-results/

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