RE:RE:RE:RE:RE:RE:New research from Cormark
HermannHaller wrote: New consensus (Cormark) estimates for 2023 are $1.22 EPS and $65 million EBITDA. That would be about 14% EBITDA growth.
So the stock is stil only at 5.6x PE. On an EV/EBITDA basis, including the cost of the recent acquisitions, I calculate it trading at 4.4x.
Check out DCM. It is much cheaper than Supremex by almost any metric you look at. Both companies are transitioning to replace old business with new business. Dcm has traditionally been viewed as a print first company but the transformation to digital has served them well. Once they report Q4 numbers im going to guess the P/E ratio is going to be less than 5 times on trailing earnings. It could be much lower on a foreword looking basis. If one looks at EV to ebitda or even a free cash flow yield then it appears DCM is more attractively priced.
Again, I must highlight that cheaper doesnt always mean better. However, the company has been growing sales at a nice clip and operating income and gross profit has been well above its 5 year average.