there has been so much written and said about valuations in tech stocks and it's always baffled me the APX gets mentioned in the same breath as others.
we did $46m earnings for first half and with our growth rate it's almost inconceivable that full year for 2019 will be less than $100m.
our trailing p/e is extremely conservative for a business with this track record of growth and dominant position in massive, fast growing market.
when you consider earnings for 2020 likely to be $150m+, and throw a forward p/e of 30, which is well and truly justified for this company, you see how we get to $40 very quickly.
now if we get to silly valuations like some other tech stocks then the mind really does boggle. Like we could go to $100 if we had the same froth as some peers lol
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Last
80.5¢ |
Change
0.015(1.90%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 86.0¢ | 79.0¢ | $9.671M | 11.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 341894 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 13131 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |