They service Australia only and already have 99%+ market share. So the key is when competition comes online and PEXA are forced to squeeze their margins + not have real future growth potential (let's face it, are they going to overturn UK etc where they are trying to break into? Highly unlikely).
At $2.45bn valuation, and last half NPAT of negative ~$4m, what hope is there for a real return? PXA appears way overvalued.
Ann: PEXA Group Response to ARNECC Ministerial Forum, page-12
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Last
$13.82 |
Change
0.005(0.04%) |
Mkt cap ! $2.439B | |||
| Open | High | Low | Value | Volume |
| $13.83 | $13.91 | $13.62 | $1.344M | 97.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2249 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.82 | 459 | 13 |
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| Last trade - 14.57pm 23/07/2024 (20 minute delay) ? |
| PXA (ASX) Chart |