If the fy profit is $1.5m NZ, equates to $1.39AU.
163.0127 m shares in issue gives a EPS of 0.852c AU.
Sp 20.5 is a PE of 24 not 17.5
Personally i think they will make $1.75m NZ in fy18, curent year PE 20.7.
A company that is profitable with the growth rate ZNO is experiencing should trade on a forward PE of around 30-35 in a good market.
My estimate for FY19 is a profit of $2.6m NZ on a PE of 30-35 i have a target of 44c-51c assuming no further shares are issued.
ZNO Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
