from a simple PE perspective, 16 is slightly lower than the industry average 18ish. In terms of growth, I’d rather look at earnings than revenue (even though that grew by 59%). Earnings have grown by 146%, implying a PEG of 0.11. Also from a fundamental perspective, Duratec runs a business that relies on smaller contracts to grow further, ie 1 contract would lead to a further 1 or 2 contracts without competition. Meaning earnings can grow more than what was tendered for. Also, they do have a strategic business in DDRC, which definitely helps with their business growth strategies.
from a technical perspective (not my type of investing) I would still think fund managers and index funds would have to add DUR to their portfolios, meaning we could see more buying, again not too sure so maybe someone can add to that.
These are just my opinions and reasons, everybody is entitled to theirs, but I think DUR is still slightly undervalued. DYOR
Interesting company, page-42
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Last
$1.23 |
Change
0.015(1.23%) |
Mkt cap ! $305.4M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.21 | $617.2K | 501.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1153 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 10825 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DUR (ASX) Chart |