When an ASX company's management guides for earnings growth of 'double digits', we might see 10-15% earnings growth. Not with FID. A quick check on the EPS growth over the last 4 years reveals:
Underlying EPS Growth
2014 23.9%
2015 27.4%
2016 21.5%
2017 23.0%
That's an average of almost 24% p.a.!
And with the current P/E based on underlying earnings at about 16, that's a PEG Ratio well below 1.0 if these sorts of earnings growth rates are maintained. And I wouldn't fancy betting against management delivering again.
Solid cash generation, low share count and option dilution, industry consolidation, no debt ... I wish I could find something to fault but it ain't easy!
When an ASX company's management guides for earnings growth of...
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Last
$7.45 |
Change
-0.150(1.97%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.56 | $7.65 | $7.41 | $21.33K | 2.822K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 1877 | 1 |
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| FID (ASX) Chart |