Post by
Trademark11 on Feb 03, 2021 12:03pm
Needed PTQ price appreciation greater than discount to peers
Hardik: ........we still think we are about 30%, 45% discount to what our peers are being trading at. So I think there's definitely a future opportunity from an ARPU standpoint of view. But even at taking our current valuation, there is still enough arbitrage to continue doing what we are doing......
Peer Average EV/Ebitda = 11.4
PTQ EV/Ebitda = 8
PTQ discount to where peers are trading = (11.4 - 8) / 11.4 = 30%
In order for PTQ to come into alignment with its peers, and assuming the peer stock prices are static, PTQ stock price must appreciate by (11.4 - 8) / 8 =42.5%
A 30% "discount to where peers are trading" represents 42.5% price appreciation for PTQ to close the gap
A 45% discount to peers = 82% PTQ sp appreciation
Comment by
Totsuni on Feb 03, 2021 12:49pm
..what your saying is that .60 cents which represetn 30% you are suggesting would float your boat? oh please .thats what i mean low expectation. PTQ is in the wrong hands and poster does not know market and PR mechanics. go take a nap
Comment by
Moemoney42 on Feb 03, 2021 9:48pm
That 30% discount you point out pretty much aligns with Raymond James $3 price target too... I think the same..! ;-)
Comment by
lscfa on Feb 08, 2021 1:46pm
One could argue that PTQ should be trading at a premium to its peers because it has the ability to grow faster than the big operators like Apria and Adapthealth.