hey mate, you are right - NPAT will be hit but they will disclose as a one off, so important to focus on the underlying growth in NPAT in mext report particularly webbeds business, given 50% growth already this os likely to be smashed out the park. Then you have to consider 2020-2021 earnings growth which will be given a major boost due to this one off impacting this year. either way if you assume 20-25% revenue growth over the next 5 yrs, and editda margins increasing by half a percent you quickly arrive at a sp around $40 by 2022-23 at a P/E of 25-30. this is an elementary buy.
WEB Price at posting:
$11.39 Sentiment: Buy Disclosure: Held
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