Company Report
Last edited a month ago
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ranked
#10
Performance (37m)
-11.3% pa
Followed by
69
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#Risks
Last edited a month ago

While there is nothing untoward about the company investing for growth in future periods, even after the drop, the valuation looks rich against a backdrop of earnings going backwards due to large capital expenditure outlays over FY25 and 26.

It seems like there is room for the multiple (50x statutory and about 40x underlying earnings) to come down.