@SteveSage .... Have you factored in that they report in US$ so you need to convert the EPS numbers to AU$. Based on their contracted order backlog and assuming a historically normal level of new business wins over the next 2 years they should do US$0.065 in FY to 6/23 and US$0.10 in FY to 6/24. That is a P/E at current prices of 17.8x FY23 and 11.69x FY24. To that you could add a net cash pile of @US$ 45 million (assuming no div and no M&A).
CGS Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
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