Put into a bit of context, GQG have FUM inflow for the year of $USD8.8B, AUD/USD conversion @0.68 = $AUD12.94; more than the size of PTM (current market cap $AUD690M)
PTM PE ratio currently at 14.5 times. GQG PE ratio currently at 13.5 times.
There are some minor tax variations that explain part of this discrepancy, but GQG should be far higher.
If GQG was to move to the same level as PTM (business going backwards), it will add 20c today.
I would compare PEG ratio. GQG’s is 0.45, which is extremely good value for a growing business. PTM going backwards, so no growth.
The market is 1.08 average PEG ratio. GQG has a while to go before meeting comparative market value. This assumes GQG continues to grow.
Best of Luck Lost
GQG Price at posting:
$2.58 Sentiment: Buy Disclosure: Held
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