lets see ... using just the p/e (price-earnings ratio: wala naman akong ibang alam .. p/e lang talaga ginagamit ko for quick valuation) ...
a total of 1,531,321,053 shares will be listed ...
shakey's earned 591,137,350 on the 1st half of 2016 ...
annualizing the earnings ... it becomes 1,182,274,600 for 2016 ...
so ... estimating the earnings per share for 2016 ... 1,182,274,600 divided by 1,531,321,053 ,,,
it is 77 centavos per share ...
at 15.58 pesos .... the price earnings ratio is ... 20.18
comparing it with other listed food companies ... jfc at 209 pesos has a p/e of 39.09 .. max's at 26.90 has a p/e of 41.17 ...
clearly a p/e of 20.18 is cheaper than 39.09 or 41.17 ...
therefore ... im a buyer of shakey's .. altho im not sure if ill be given an allocation by my broker ... but ill definitely be buying on the first day!
*i may be wrong in my computations or in the figures used ... so i suggest to blog readers to read the original documents and make their own computations for confirmation .. thank you ..
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