Great and detailed article! Small question I tried to do the valuation calculation: is it 20% instead of 22% and is the 10% cagr not 6,2% on 2028? Just to understand
Thanks for your comments. Appreciate the feedback sorry was tired when I was doing it but should have checked - it is 20%. Might do the calculation again with 22% but probably does not give a different answer qualitatively
I had assumed a forward multiple so it is the price in 2026 looking ahead to 2028 EPS. It is discounted over 2 years. You may be right and it should perhaps be discounted over 3 or 4 years. In the latter case the return will be about 6.9%. Either way it doe not look too attractive
Great and detailed article! Small question I tried to do the valuation calculation: is it 20% instead of 22% and is the 10% cagr not 6,2% on 2028? Just to understand
Thanks for your comments. Appreciate the feedback sorry was tired when I was doing it but should have checked - it is 20%. Might do the calculation again with 22% but probably does not give a different answer qualitatively
I had assumed a forward multiple so it is the price in 2026 looking ahead to 2028 EPS. It is discounted over 2 years. You may be right and it should perhaps be discounted over 3 or 4 years. In the latter case the return will be about 6.9%. Either way it doe not look too attractive