When an ASX company's management guides for earnings growth of 'double digits', we might see 10-15% earnings growth. Not with FID. A quick check on the EPS growth over the last 4 years reveals:
And with the current P/E based on underlying earnings at about 16, that's a PEG Ratio well below 1.0 if these sorts of earnings growth rates are maintained. And I wouldn't fancy betting against management delivering again.
Solid cash generation, low share count and option dilution, industry consolidation, no debt ... I wish I could find something to fault but it ain't easy!
FID Price at posting:
$4.38 Sentiment: None Disclosure: Held
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