Whilst COVID has caused short-term pain to the growth and forced the business to conserve cash, in the long run the shift towards tech provides a tailwind for LVT. A few years from now this might be a real exciting space. Currently sits at 4x ARR, which means that despite the rise in the last month, it is still trading at a multiple much lower than other mid cap ASX tech companies. I would not be surprised that with more updates, partnership announcements, etc,, that it could push the SP to 50c. LVT have won numerous awards for their business for being market leading, which as an investor gives me faith that they will perform.
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