4. 31. Share valuation and PE [LO 8.2] Dooralong Doors Limited has statement of financial position equity

Question:

4. 31.

Share valuation and PE [LO 8.2] Dooralong Doors Limited has statement of financial position equity of $6.8 million. At the same time, the statement of profit or loss shows profit for the year of $815 000. The company paid dividends of $285 000 and has 245 000 shares outstanding. If the benchmark PE ratio is 16, what is the target share price in one year?

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