Q: Previous question, you claimed a 15.9X forward earnings multiple. We need $1.49 earnings to get there Y2024. From TD, I have mean estimates of $1.18 (7 brookers, from $0.98 to $1.42). The question is: what is the provenance of your source? Bloomberg? Which one should I rely on and why please.
Thanks
Thanks
5i Research Answer:
We use Bloomberg, which we have found to be the most accurate. Some brokers do not include ALL estimates. But 8 brokers cover PLC, so TD at 7 is close. But the difference here is easily explained. PLC reports in US dollars so one needs to currency convert the $1.18 when looking at the Canadian dollar trading price.