The days are probably gone where stock prices are tied to Revenue growth. Even with high growth companies.
As posted elsewhere here's Bell Potters forecast on earnings;
2024 - $18.8m
2025 - $26.2m
2026 - $32m
There are definitely risks involved with this companies future growth. Potential Competition, Lack of transparency due to the nature on sensitive contracts, constant need for R&D. The company has a fairly ordinary track record with promising future pipeline. Directors also sold shares under 30c in the past year.
My thoughts are these risks can't justify a PE above 20. Market cap of 400 Million and SP of 68 cents for June 2024.
Ann: Appendix 4E and Annual Report, page-38
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$1.30 |
Change
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Mkt cap ! $937.7M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.43 | $1.26 | $28.36M | 21.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 39568 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.30 | 41597 | 3 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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$1.30 |
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| Open | High | Low | Volume | ||
| $1.37 | $1.43 | $1.26 | 4966243 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| DRO (ASX) Chart |