"the market seems to have missed what has been quite a steady growth story"
It also seems to have missed the outstanding growth that has occurred in North America. From North American revenue of only A$1M in FY19, Mader has proven its business model there with $132M in FY23, and $94M in only the last 6 months. Yet they have only started to scratch the surface. This makes it very hard to understand why the forward P/E level now (approx 25) is much lower than it was after the FY23 reports in August 2023, when it was nudging a forward P/E of 40. IMO any company achieving this sort of growth in NA should command quite a P/E premium for the growth rates on offer.
"the market seems to have missed what has been quite a steady...
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Last
$6.66 |
Change
-0.060(0.89%) |
Mkt cap ! $1.332B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.75 | $6.60 | $579.8K | 86.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199 | $6.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.66 | 705 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$6.64 |
Change
-0.060 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $6.62 | $6.75 | $6.62 | 14769 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| MAD (ASX) Chart |