jet great final result but still under valued

Jet reported a great end of year result today including a maiden dividend.

A comparison with its closest competitor HWT suggest JET is still way under valued.

Jet share price = 52
Market Cap = 47.9 M
Profit 3.98 M
EBIT 5.7
PE = 12
Gross profit Margin 21%
Net assest = 13.7 M
Cash = 7.7M

HWT share price = 1.58
Market Cap = 60.4 M
Profit 4.09 M
EBIT 6.3
PE = 15
Gross profit Margin 13%
Net assets = 10.9 M
Cash = 8.9 M

Either HWT is over priced or JET is underpriced.

Ignoring a critical factor that JET is a far more profitable business model compared to revenue, just on hard numbers alone if JET had the same Market Cap as HWT then the Jet price would be 66 cents per share, or to equal HWT based on a PE ratio then JET should be 64 cents per share.

D