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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DOCK - amazing earnings / most undervalued

DOCK - amazing earnings / most undervalued

+3
Aamiable
Monster
dineshfernando
7 posters

Go down  Message [Page 1 of 1]

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

http://www.sundaytimes.lk/110213/BusinessTimes/bt31.html

http://www.lbo.lk/fullstory.php?nid=2807579

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

dineshfernando wrote:DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.


Earnings and future plans are satisfactory, this share went above 300 , came down and stagnated. Time to move. They have announced attractive dividend as well.

dhamm


Manager - Equity Analytics
Manager - Equity Analytics

dineshfernando wrote:DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.

As per CSE, sector PER for Construction & Engineering is 9.5. So DOCK is not massively undervalued compared to the sector PER.

But I dont know, why this sector trade at much discounted price compared to the market.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

dhamm wrote:
dineshfernando wrote:DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.

As per CSE, sector PER for Construction & Engineering is 9.5. So DOCK is not massively undervalued compared to the sector PER.

But I dont know, why this sector trade at much discounted price compared to the market.
@dhamm, why do you think DOCK should trade PER 9.5 just because it's listed under Construction and Engineering sector? We know, plantation sectors should trade lower PE ration because plantatons can effect due to bad weather and the earnings are volatile. But I don't think such a case is in Construction and Engineering sector. Hence this sector should trade atleast PE ration 15. (Even though market PE is 20)

I agree, if you can give me a valid reason. Smile

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

dineshfernando wrote:DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.


Banks , diversified sector and construction sector will perform well this week. Construction sector should trade atleast PE ration 15. (Even though market PE is 20). Accordings to the financial resuls DOCK and large cap banks could dominate the market.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Had a quick look on this..

Dont take the last qtr EPS and multiply it.. If we take the given 12 months results;

12 months EPS is 30.40 * Sector PE 9.5 = 288.8
At the current price of 276.8, this trades at a PE 0f 9.07 so its faily valued as per the stated PE for C&E sector..

But as Monster mentioned ; this sector doesn't have to go with a PE of 9.5, at least it should trade around 15..
So then we arrive on a value of 456...
Given the fact that this sector has so much of potential to boom with the infrastucture updations in SL, this to me is a fair buy at the current price.

Stocastics indicates DOCK is a safe buy..
http://investing.businessweek.com/research/stocks/charts/charts.asp?ticker=dock:SL

However we have to do more studies on this. Generally a good counter to look at..

champion


Stock Trader

This share is stagnated. Dock yard has enough business till 2012. There order book is full till 2012. I think it is a long term investment. Better to buy and forget it, think it is FD. you can get a good return.

dhamm


Manager - Equity Analytics
Manager - Equity Analytics

Monster wrote:
dhamm wrote:
dineshfernando wrote:DOCK is one of the hidden gems which is massively under valued.

Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20

Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)

True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=

DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.

Please do your study before a decision on buy.

As per CSE, sector PER for Construction & Engineering is 9.5. So DOCK is not massively undervalued compared to the sector PER.

But I dont know, why this sector trade at much discounted price compared to the market.
@dhamm, why do you think DOCK should trade PER 9.5 just because it's listed under Construction and Engineering sector? We know, plantation sectors should trade lower PE ration because plantatons can effect due to bad weather and the earnings are volatile. But I don't think such a case is in Construction and Engineering sector. Hence this sector should trade atleast PE ration 15. (Even though market PE is 20)

I agree, if you can give me a valid reason. Smile

@Monter: I also don't think this sector should trade with PER of 9.5. I only mentioned, this sector trade at that PER. don't know why Surprised

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