Valuation of peers also needs to be considered. Any lower than...

Valuation of peers also needs to be considered. Any lower than current price and it begins to look undervalued relative to its peers, especially when you take into consideration that had they owned all of their acquisitions since the start of FY18, forecast EBITDA would have been $89m, which was largely in line with consensus.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
1		Share Price	Market Cap ($M)	Forecast EBITDA ($M)	Forecast EBITDA / MC	Forecast Growth Rate
2	FLT[/B]	$44.70	$4,517.26	$365.00	12.38	10.90%
3	CTD	$20.89	$2,216.61	$122.50	18.09	24.75%
4	WEB	$9.25	$1,094.56	$80.00	13.68	14.45%