For U$ multi billion arms companies ..well established not in the high growth phase that GRO is at, the average PE is around 50.
Bell Potter used a conservative ( their words) analysis forecast a PE 16 at 50¢...what high tech, high growth, high revenue with a pipeline of $400m orders in the pipeline has a future growth rate of 16% YOY when its trajectory on every metric is many multiples of that.
Once they are contracted SAAS will play an increasing % of recurring revenue growth.
Management and team have proven themselves beyond doubt on their tier one contract - the US DOD, Australian airports Authority etc...
Their products are not 'wants' but a 'necessity' in modern warfare from physical use in the field of war, but also on a purely cold cost analysis basis and political support at home and globally.
Its almost unfair that as fulfilment of their orders roll out, in house AI applied to that data accumulation builds strategic advantage on its competitors -accelerates exponentially. That snow ball affect is now in motion.
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