| Zinc of Ireland NL (ASX:ZMI) And The Basic Materials Sector Outlook 2018 | |
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Metals and mining companies are typically trading at a PE of 14.22x, in-line with the Australian stock market PE of 17.4x. This means the industry, on average, is fairly valued compared to the wider market – minimal expected gains and losses from mispricing here. Furthermore, the industry returned a similar 10.07% on equities compared to the market’s 11.20%. Since Zinc of Ireland’s earnings doesn’t seem to reflect its true value, its PE ratio isn’t very useful. A loose alternative to gauge Zinc of Ireland’s value is to assume the stock should be relatively in-line with its industry. Next Steps:Zinc of Ireland has been a metals and mining industry laggard in the past year. If Zinc of Ireland has been on your watchlist for a while, now may be a good time to dig deeper into the stock. Although it delivered lower growth relative to its materials peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation. However, before you make a decision on the stock, I suggest you look at Zinc of Ireland’s fundamentals in order to build a holistic investment thesis. To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
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Zinc Of Ireland Nl
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Zinc Of Ireland Nl is based in Australia. Zinc Of Ireland Nl is listed in Australia. Its market capitalisation is AU$ 17.4 millions as of today (US$ 12.6 millions, € 11.0 millions). Its stock quote reached its lowest recent point on December 21, 2018 at AU$ 0.00, and its highest recent level on August 02, 2019 at AU$ 0.12. Zinc Of Ireland Nl has 915 289 984 shares outstanding. |