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Most overvalued share in the UK. Horrible business and business model that cannot succeed longterm. I say this because people quickly find their "favourite takeaway". Would you want your favourite takeaway to shutdown because it has to hand over a significant chunk of its profits to a bully boy? Most people would answer NO then pick up the phone and order from their fav takeaway directly. I signed up to JE when i moved to a new city for work. I quickly found a fav Indian and now order from them direct. They no longer sell thru JE. Food for thought.
Quick look at what's going on here and I totally agree with the below. Just Eat seems massively overvalued and suspect the price will soon crash.
On the up to 500
Better than expected revenue forecast for the year of £240m up from guidance of £230m in August. Going from strength to strength
Trading report tomorrow. Be quick BUY BUY BUY
These shares look like dead shares, sucessful company shares are hardly fluctuating to reflect this
How bizarre!!!! 15% lower from profit announcement of 63% hike in profits.... My local area, every restaurant has a 'Just Eat' sign. Companies strategy and selling their brand is absolutely brilliant. Brokers can see real value at 35% above current price. Well !!! I'm topping up, I'm rarely wrong.
A summary of analyst's price forecasts: Panmure Gordon 641 JP Morgan Chase was 500, now 630. Cannacord Genuity was 515, was 560, now 570 Goldman Sachs was 560 by December, now 570, "blue sky" price of 1200. Citigroup 550. Jeffries Group 515. Barclays Capital 500. The mean average of these is 568, the median average is 570. This is a 43% uplift from the current price. The webpage robo-articles that summarise analyst's views seem to be partly out of date and miss out the new entrant Panmure Gordon.
THe EPS is for 6 months only. I'm buying.
Yes indeed earnings can be lower due to reinvestment. That's what the PE ratio looks at - the price taking this into consideration vs actual earnings per share. The EPS is 3.1, the price is now 395ish, which is a PE of 127.4 (not 40.9). 127.4 is RIDICULOUSLY high, I mean RIDICULOUSLY. There is literally nothing cheap about this share and given time investors will be hurting here. Let's reconvene in 6 months and see who was right.
I don't know why you think Google Finance is a better source than looking at the results and the share price and doing a simple mathematical calculation.... I put it to you Google Finance is wrong, your stance on this is a bit like me telling you blue is in fact a red colour because Wikipedia says so. Yes I do realise the interim figures only cover six months but that has zero effect on what the PE is... the PE for the last six months is still circa 130 (and has been higher at times). Please can you back up your position that the PE is 40.9 and not 130ish with some actual maths?
The reason they have a high PE ratio - currently 40.90 according to Google Financial - is because they are investing their revenues into growth rather than leaving them as earnings. If they had not made any of this growth investment then the money left over as earnings would be much higher and consequently the PE ratio would be lower. I prefer getting a tax-free capital gain rather than paying tax on dividends.
I clicked "Recommend" by mistake when I meant to click "Reply". Google Financial disagrees with you, currently saying the PE is 40.9. (The interim figures are better than the previous 12-month figures so if they have not been taken into account then the PE will be lower). You do realise the interim figures only cover six months? A great oppurtunity to buy the shares cheap - fill your boots!
The sector average is about 20-25... I'll be generous and assign it a PE of 30 where it ought to be as a growth stock at the end of a bull market. That still brings in an SP of 90-100p and for a shorter the 100-150p bracket will be a target. I'm not saying this is a bad company - clearly it's doing well, disrupting the market and growing revenues. This is good. But it is also clear this is grotesquely overvalued and is in effect a bubble waiting to burst. If I were in the blue on this bull hysteria, so to speak, I would be looking to bank everything at the moment.
Er ....no. Current SP/ Adjusted EPS as per the latest interims :405/3.1 = ~130.
Trying to buy cheap? According to Google the current PE is 41.49. Not certain if this reflects the good news from the recent accounts.
The current PE is something like 130, if that's not a red flag for overvaluation I don't know what is... Stonking short one would think.
Correction - I misread a graph and the relative growth is about 8%. And the webpage article that I copied the average analyst's price from has missed out two or three of them, and the true average rating is higher. Cannot be bothered to calculate exactly what it is.
What I find particularly interesting is that it has been gaining relative to the FTSE100, especially in the last week. The ratio of JE/FTSE100 has risen nearly 7% since last tuesday's open. This suggests to me that the trend and momentum is going up again. Analysts have also been revising their expected price upwards - currently the average of them is 527.88. "One bad quarter/half year and they will drop fast IMHO" - you could say that about any share, especially any growth share.
On many normal criteria, this looks overvalued. But check out the strong growth.and consider how many busy working couples don't want to cook, or eat out , and now have money to pay for home delivery meals. And the potential snowball effect as the restaurant portfolio grows and others feel pressured to join. They won't want to miss out. But they need a high impact ad campaign to stimulate consumer orders. I still feel cynical though and will monitor. One bad quarter/half year and they will drop fast IMHO.
Thanks for your reply Gliderpilot and LOL with your investment. I am sorry but to envisage this company ever being really worth £2 billion or up to £10 billion is just completely beyond my comprehension. But perhaps I am just toooo old and conservative.
I'm connected to this company.... as I've just purchased my first wad of shares :) After reading all the broker reviews, Old Mutual increasing their stake over 6%, and reports indicating bigger growth to come as first half profits increased over 60%.
I am not connected with the company, the brokers, or anyone else. I have made a large investment in Just Eat and I thought others might want to benefit also.
Are you connected in any way to the Company or any of the Brokers you refer to?
Are these incredible target prices "coloured" by the desires for commissions of the over excited Brokers?