This strategic investor obviously sees the same things I have seen for years now, since I invested at around 90cents:
- With guidance reaffirmed, EPS growth will have exceeded 30% pa for the last three financial years (including this year)
- The North American business model has been proven, and has a very long runway of growth to come
- Mader is extremely profitable with ROIC of around 30%. This is indicative of being well of ahead of its competition in its service offering and the value of that service to customers.
- Mader remains founder led, with Luke Mader still owning > 50% of shares.
- Mader has a very strong balance sheet and is guiding to net cash in the medium term
- Mader has the ability to reinvest most of its profits, thus ensuring ongoing strong growth
All the ingredients for a rapid compounder, nirvana for long-term investors.
Ann: Mader welcomes strategic investor & reaffirms FY24 guidance, page-3
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