It all depends on the growth rate. A PE of 20 for a world class company growing earnings at ~5-7%pa is about right … for one that growing at 30%pa you’d be lucky to get it in the 40s. Given the gross margins, AD8s profitability will grow much faster than revenue (once it’s in the black that is).
AD8s listed history is short and marred by Covid. With western world returning to live entertainment and the chip shortage getting sorted (it will be - will just take time) … IMO if you believe in the dominance and global trend towards networked audio/video, AD8 is cheap. If you don’t, it’s of course expensive.
To me this looks like a cautious update with near term challenges but slight improvement for medium term (eg. Some evidence of video rollout). Should get some more insight when results announced.
It all depends on the growth rate. A PE of 20 for a world class...
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Last
$15.83 |
Change
0.160(1.02%) |
Mkt cap ! $1.315B | |||
| Open | High | Low | Value | Volume |
| $15.76 | $16.13 | $15.74 | $4.614M | 290.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 305 | $15.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.86 | 405 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AD8 (ASX) Chart |