Impressive. But vewed in context of its monster valuation against forward earnings growth?
Xero was a great investment. Doesn't mean it is going forward at these prices.
US penetration remains limited, as does European outside of UK.
These investments need to pay off quickly as free cash flow didn't look great (again in context of valuations) even without the investments.
Congratulations to those long-term holders, but be new shareholders should surely be wary buying into this story at these elevated valuations - over 300 times P/E on 2023 forward earnings from analysts....and whilst they are crap at calling stocks, they are generally better than retail at valuing forward earnings.
Impressive. But vewed in context of its monster valuation...
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Last
$134.14 |
Change
1.600(1.21%) |
Mkt cap ! $20.47B | |||
| Open | High | Low | Value | Volume |
| $134.87 | $134.99 | $133.47 | $25.36M | 189.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 861 | $133.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.25 | 13 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| XRO (ASX) Chart |