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Exact(30)
Applying a PE of 16 times to our 2017 estimated earnings per share would drive a valuation of around 700p.
The median share in Shanghai now has a PE of 75.
At a PE of 14 times, the shares are fairly valued but offer a 'best in class' dividend yield (around 7%).
With the shares trading at a PE of 12 times and yielding 12%, the risk reward ratio is extremely favorable and hence we initiate with a buy recommendation.
The shares look good value on a PE of 11.2x and FCF yield of 8.5% to March 2011E given the strong growth prospects and excellent track record.
We see strong upside to the shares, which currently trade on a PE of 9 times to December 2015 and free cash flow yield of just under 13%.
Similar(30)
Petco, meanwhile, sports a trailing PE of 18, a forward PE of 15, and a PEG of about 0.95.
Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, according to Yahoo Finance.
The masses have been taking to Twitter to swear off the brand for life, torching their trainers, as if in a PE version of The Wicker Man.
Back came a handwritten letter, not only giving me the go-ahead, but citing Hines's experience, as a PE teacher, of former colleagues who "punished children for their parents' poverty".
Google is currently trading at a PE ratio of 28.
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