Crescent Financial Corporation is a NASDAQ listed security that has been trading in a range between $10.50 and $14.40 over the past year. With 9,091,650 shares outstanding, a recent price of $10.72 gives a total market capitalization of $95,825,991. While there are certainly larger companies, Crescent Financial Corporation has definitely earned its place in the pack. Last year, Crescent Financial Corporation created $0.60 in earnings for every share outstanding.
Crescent Financial Corporation is currently priced by the market at 18.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Crescent Financial Corporation could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment