Trinidad Cement could be a big winner on the Trinidad and Tobago Stocks Exchange with a likely 250 percent climb to more than $10 and Republic Financial Holding could double if our projection of $12.50 is substantially realized for this fiscal year.
So far both companies have posted interim results that point to improved fortunes, with Trinidad Cement posting earnings of $57 million, with earnings per share of 15.3 cents for the March quarter, up from a loss of $5 million in 2023 for the same period. The first quarter earnings suggest that full year results should be close to 60 cents per share and beat the 29 cents earned in the 2023 fiscal year.
Republic had profit climbing a solid 27 percent from $787 million to $1 billion for the half to March this year, with earnings per share of $6.13 with the stocks trading at 9.2 times this year’s earnings compared to an average of 15 for other banks and Scotiabank at nearly 16. In addition, the most powerful indicator of future profit growth is increased lending. Year over year loans grew by 9.4 percent to March but climbed even faster in the half year period by 5.4 percent or nearly 11 percent per annum.
The above projections arose from ICInsider.com compilation and introduction of a Price Earnings ratio chart based on stocks listed on the Trinidad and Tobago Stocks Exchange. The chart is similar to our Jamaica Stock Exchange PE ratio chart.
The chart provides users with PEs based on historical earnings excluding major one off items and current years’ projected earnings to be used as a critical investment tool.
The PE ratio chart covers all ordinary shares on the Trinidad and Tobago Stocks Exchange except for Jamaican stocks, grouped by industry, allowing for easy comparisons within a sector and the overall market.
