“Also interesting to note that their strong underlying growth of their EPS 21 (50 %+) only comes from their top line, so they continue to spend significantly to support future growth.”
This is a significant point and indicates the potential for significant earnings growth to continue if the spend is earnings accretive.
i also think as the company builds out the reoccurring income streams I can the non re-occurring components still increasing in $ terms but as a % of total revenue decreasing.
Based on its growth rate the company seems fairly valued especially when compared to some of the other overpriced options on the ASX.
MAF Price at posting:
$7.69 Sentiment: Buy Disclosure: Held
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