Correct. You used PE on your original post and that warranted context.
Then lets compare away... Price to Sales will be the closest you get to a peer comparison on growth and still have an apples to apples.
If we focus on the MP1 growth then it is till there. The market may be realising that the curve below is not as steep as it wants. Which now makes it not a game of PE, PS, growth or any other metric but Time.
For me personally I bought when the market was pricing this to fail as a business, with an eye watering 12%+ in short positions April 2023. Where MP1 fundamentally is today with FY25 guidance below is not such a bad place... I'm glass half full even with the 20% SP drop.
FY25 Guidance:
1. Revenue growth of +10% to +14% to A$214-222m (-7% consensus at A$234m), with MP1 focus on accelerating growth through the next 3 years
2. EBITDA growth of +0% to +14% to A$57-65m (-22% consensus at A$78m) with Jun-24 EBITDA being $4.5m, implying $54mnannualised.
3. Capex of $27-30mn (consensus at $35mn).
Correct. You used PE on your original post and that warranted...
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Last
$7.19 |
Change
-0.230(3.10%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $7.42 | $7.42 | $7.16 | $7.598M | 1.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5705 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.25 | 3486 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |