Really curious to understand why this stock is so cheap.
Based on its IPO valuation (1.20 $), it had a PE 22 of 10.7, an EV/EBITDA of around 5 x and a dividend yield of 4 %.
Since then, the increase of the stock mainly reflects the increase of prospectus forecasts.
I suspect that it is partly due to its short listed story (listed in Dec 21).
The market may wonder if their high margins (10.5 % op margin) are sustainable.
Their past revenue growth has been quite decent : + 12 % CAGR between 2005 and 2021.
There were some acquisitions, but the organic growth looks also good : estimated at 8.1 % per year during that period.
Most recent figures have been even better, with an organic growth of 23 % during H1 22.
Good also to see that WH Soul Pattinson owned 2.9 % of the capital (at IPO).
Really curious to understand why this stock is so cheap.Based on...
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Last
$4.37 |
Change
-0.050(1.13%) |
Mkt cap ! $451.7M | |||
| Open | High | Low | Value | Volume |
| $4.33 | $4.52 | $4.33 | $898.9K | 204.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 829 | $4.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.41 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$4.37 |
Change
-0.050 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| $4.34 | $4.52 | $4.34 | 9822 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| IPG (ASX) Chart |