I think your final sentence answers your question of why the "down-ramping" - the PE is too high.
Freight Forwarding software is not a high growth business.
I think many retail investors believe Wisetech is now providing all software for DHL - they don't - they just provide Freight Forwarding software to DHL - this has nothing to do with the DHL package and Express mail delivery business.
In addition there is a lot of work in developing and maintaining Freight Forwarding software - you have operations, accounting, warehouse, customs brokerage, track and trace, EDI and a hundred other small areas. You don't just build it and forget it.
Ann: WTC revenue up 31% EBITDA up 32%, on track for FY18 guidance, page-47
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Last
$134.10 |
Change
1.980(1.50%) |
Mkt cap ! $44.85B | |||
| Open | High | Low | Value | Volume |
| $132.90 | $134.16 | $132.50 | $53.96M | 403.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37 | $133.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.20 | 136 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| WTC (ASX) Chart |