Definitely risk still here, which is widely discussed but 16% of the present market cap is cash!
The business is also trading on a FY21 EV/Sales of 2.5x and a 2021 PE of ~13x on my numbers. While very difficult to forecast, my sales for 2021 are $70m, which could be conservative given that was the upper end of the 2020 forecast. IMO it’s better to be conservative with numbers on PET given they’ve had a few big misses of forecasts over the last 12 months.
Definitely risk still here, which is widely discussed but 16% of...
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Mkt cap ! $15.60M | |||
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| PET (ASX) Chart |
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