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Kingold Jewelry, Inc. Message Board

  • waytoogoodforwords waytoogoodforwords Jan 13, 2012 9:59 AM Flag

    Industry PE 15, KGJI PE 2, Undervalued by factor of 7

    KGJI Fair Value $10

    12-18 mos: $12-15

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    • At the time of the Chow Tai Fook ipo in Hong Kong (1929.hk) I red an article that stated that the least expensive competitor there was priced with a forward PE of 11.

      Now if you consider that next year, if KGJI will mantain its 25% organic growth, revenue will be around 1.1B$ (without considering the very likely gold price increase) and so earnings will be around 55M$ (1$/share, without considering further significative appreciation of the net margin standing at around 5% since the 3rd quarter 2011).

      You do the math: 11$ as actual minimal target.

 
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