Appen has had EPS growth 35% over the last 5 years and ?(still) has 1yr 22% 2 yr 27% forecast EPS growth and is now trading on a P/E of 35%
And it is one the only real tech growth stocks with world wide market on the ASX that pays a dividend - now 0.7% 50% franked (which is better than leaving cash stale in the bank)
Wasn't it the famous growth stock picker Peter Lynch who said if you can buy a hi growth stock above/or close to a P/E of forecast EPS growth?...
(Then do it?)
So what have I got wrong here?
Thanks
Appen Strategic Valuation, page-4
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 45.5¢ | $349.7K | 758.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 228653 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 11361 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |