EGL's FY24 results far exceeded my expectations both in terms of deliverables and quality.
Management is to be congratulated on an annualised 47% growth in earnings over the past three years, a solid 68% improvement in NPAT over the pcp, and a robust forecast of a further 25% increase in FY25 earnings.
The market has yet to fully appreciate the growth story EGL has become and its leading role as a diversified ESG qualified investment.
Deploying stonkholder's forecast for FY25 operating cashflow of $9m this equates to cash earnings of approximately 2.5 cents per share. Put another way EGL is trading on a very underwhelming 14x this year's cash earnings for a high growth company in a crucial emerging sector.
IMO DYOR
Clare
EGL Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)