Q: In your answer to Ken on Aug 25, you state that DND is trading at 7X earnings. I haven’t been able to verify that anywhere.
They are certainly not trading 7X TTM or 2022 earnings. The highest analyst estimate for 2023 I see is for about $1.20 . That would imply a forward PE closer to 14X. I would note also that DND doesn’t have a great record recently at living up to analysts expectations. Is 7X based on 2024 estimates?
They are certainly not trading 7X TTM or 2022 earnings. The highest analyst estimate for 2023 I see is for about $1.20 . That would imply a forward PE closer to 14X. I would note also that DND doesn’t have a great record recently at living up to analysts expectations. Is 7X based on 2024 estimates?