Probably had their best year of business performance and worst year of share price performance.
Hypothetical Upside Blueprint for 10 years: 12% Revenue CAGR 20% Profit Margin 50 PE = 20% CAGR investment return over 10 years.
I think those inputs look pretty achievable from the outside.
The valuation has held me back over the past few years, example: At current 5x Sales = Chasing a future 20% return based on those inputs is probably worth it for a hit scenario. At previous 10x Sales = Chasing a 12% return based on those inputs is probably not much of a premium to an index fund.
My main sceptical thought is low founder and management ownership at around 5% compared to say PME at 40%, the thought is always never be more bullish than management or you're probably on the wrong side.
