Pinned valuation:
Quick and glancing look at results
EPS up 9.2% to 23.2c
At share price of $7.01 PE ratio is 30
Expected revenue growth of mid single digit after achieving 5% this year with similar margins
Doing a quick a DCF I get a valuation of $5 and that was being generous with growth and no margin safefy
Quick reverse DCF and need growth of 15-20% to justify current valuation.
This remains a trading stock (for me) because chart actually looks OK