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Last edited 2 years ago
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9.4% pa
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#Bull Case
stale
Added 2 years ago

@Noddy74, thanks for highlighting trading update for Shaver Shop. It's an impressively solid little nugget. Current valuation on SM seems fair, maybe even conservative. It won't 10-bag in the foreseeable future, but likewise it's unlikely to crater. Long history of solid growth (11% CAGR over 15 years), net margin bouncing around 7%, and dividend yields (typically 8-10%). And sitting at low PE of 8. Main downer seems to be that FY22 growth has slowed, but not surprising after faster growth through Covid. With conservative future assumptions I can still see a strong case for 15%+ annual returns. Not one if you want to set your stable on fire, but feels like a solid workhorse. I'm wading in.