As the Q2'07 announcement, the revenue was up ~1% from Q1'07. With the projection of Q3 and Q4's revenue flat with respect to the Q2'07 and share buy back of 15% by end of Q4'07, here is the PE ratio analysis based on 04/30/2007, the Altera stock price was trading $22.82. The PE analysis are using the pass 6 years PE track record, which is from 2002 to 2006.
The target price is projected as $26.24, which is the average of PE (29.82) of Min and Avg PE times with EPS of $0.88.
Here is the Deal:So, there is a safety margin of ~15% or ~14% with respect to trading price of $22.82 and $23.05 respectively.
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here for the analysis detail.
2 comments:
On Aug 9, ALTR stock price was trading at $24.30 to $26.24 and closed at 25.45. The highest price at that trading day hit the projected target price of BigDealSmalDeal. This target price was projected on May 22. We believe that this price hiking is due to share buyback.
Check out the
Altera Q3 '07 Earning from OKII Fund Manager!
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