Results released today.
Aristocrat must be amongst the cheapest growth stock which is a proven performer amd market leader. It has once again shown is strength and dominance with the latest result. Admittedly it may always trade at a discounted multiple due to some of the markets ethical considerations, but Im not one of those people and feel this gives me an easy opportunity.
20% constant currency NPAT growth achieved. 25% EPS growth.
The company's strong position and healthy balance sheet weathered through covid period and come out the other side even stronger.
Its poker machine business is a cash generating more mature part of the business, which the company can use to invest in the more exciting growth divisions online.
Happy holder.