Duratex has just released its earnings for 2010.
Still very difficult to analyse, since in 2008 DTEX acquired Satipel.
But a simple calculation shows that the medium ROE for DTEX in 2005 to 2008 (before the fusion) is 16,6% (not considering the best 3 quarters). Applying this rate to the current net worth gives an earnings of 430 million.
If we allow an increase in margin because of the scale gain and consider then a normal earnings of 500 million, DTEX would be trading with a P/E of 15.
I think it's to much, because its sector is today booming!
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