"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.
Ann: 1H FY24 Results Presentation, page-5
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Last
$6.43 |
Change
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Mkt cap ! $1.282B | |||
| Open | High | Low | Value | Volume |
| $6.42 | $6.50 | $6.33 | $360.8K | 56.23K |
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| No. | Vol. | Price($) |
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| 10 | 971 | $6.41 |
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| Price($) | Vol. | No. |
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| $6.43 | 517 | 8 |
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| Last trade - 12.45pm 30/05/2024 (20 minute delay) ? |
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| $6.45 | $6.47 | $6.34 | 12799 | ||
| Last updated 13.08pm 30/05/2024 ? | |||||
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