KGN 0.19% $5.14 kogan.com ltd

Not sure how some posters are coming up with PEs of 200-215x. If...

  1. 186 Posts.
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    Not sure how some posters are coming up with PEs of 200-215x. If you'd like to short the stock on that basis, who am I to stop you?

    Check the consensus valuations in the link from @Psalty a few posts ago. They're on the high side, to be sure, at 53x for FY18, 36x for FY19, but they're nowhere near 200x! For what it's worth, I think the consensus (one analyst covering the stock) is being too conservative, significantly underestimating revenue growth and margins; my own model returns more attractive valuation multiples.

    The ongoing sell-down of stock by management is a point concern for me, though apparently not for others.
 
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