CTT 2.91% $2.17 cettire limited

Not short financially, just a sentiment on this one. It's hard...

  1. 7,129 Posts.
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    Not short financially, just a sentiment on this one. It's hard to know where the NPAT shakes out and what multiple it will fetch. At even 1b market cap, let alone the broker targets, I would think tens of millions a year will be needed, and it's a long way from that watermark. Remember, buying today at 1b means you need 2b in a few yrs to make a decent return. What does it need to earn in NPAT to justify 2b in a few years? 100m+? Obviously there are some serious profitability inflections priced in at greater scale, which is at odds with the margin collapsing last quarter despite a big increase in sales.
    Last edited by JoeGambler: 23/04/24
 
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