SMN 2.54% 60.5¢ structural monitoring systems plc

What value AEM?

  1. 669 Posts.
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    Forecasting $2.8m EBITDA, 35% top line growth and >100% EBITDA growth. The world has turned but only a month ago those growth figures would have supported SMN's entire market cap (3x sales, 20x EBITDA). While I wouldn't suggest those lofty multiples were right plenty of tech/growth stocks were seeing those kind of multiples.

    The world has obviously changed and multiples reset but surely at these levels most of the firms current mkt cap would be supported purely by AEM with the core technology a free (or very cheap upside option).

    Thoughts?

 
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