Yes @Ahf1995, I agree ACF is undervalued. Based on the current price and upgrade, it is on a FY23 P/E of around 7. This is ridiculous for a > $200M market cap company that has grown its EPS at a compound growth rate of over 40% p.a. for the last 3 years, with no sign of slowing down. EPS has tripled in 3 years from around 3.7c in FY20 (the year covid hit) to around 11c in FY23. Dividends have more than doubled in the same time.
This is also a much higher quality company now than 3 years ago, with ROIC now around the 25% mark (was 11% then), with the added bonus of much greater size (now > $200M compared with $68M 3 years ago), much greater geographical diversity and many more areas of expertise/services. Given all of this, I consider a P/E of 14 would still be cheap. That would represent a doubling in share price just due to P/E expansion.
Yes @Ahf1995, I agree ACF is undervalued. Based on the current...
Add ACF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.13 |
Change
-0.010(0.88%) |
Mkt cap ! $332.2M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.15 | $1.13 | $201.8K | 177.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11619 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 15623 | 3 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.14 |
Change
-0.010 ( 0.30 %) |
||||
| Open | High | Low | Volume | ||
| $1.15 | $1.15 | $1.13 | 22943 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| ACF (ASX) Chart |