Madder is guiding to 30% NPAT growth this year and 26% revenue growth. This thing is on a PE of 40 vs SRG which is sitting at 11. So if the market gets comfortable with the growing annuity style revenue makeup of SRG and consistent growth outlook, there could be a fair bit of PE expansion on this one.
SRG Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
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