I don't think it's much of an overreaction - OCL has gone from crazily priced, to merely overpriced. Even now, on FY18 guided numbers OCL is trading at 36x PE and 23x EBITDA - they are huge multiples which require significant growth in FY19-20 to justify today's price.
I like a lot of things about this business but I don't like that valuation. I also think there's a latent underappreciated risk in the extent to which this business is indirectly leveraged to the residential property market, because the majority of its customers' revenue is derived therefrom.
Ann: FY2018 Trading Update, page-6
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Last
$17.32 |
Change
0.070(0.41%) |
Mkt cap ! $1.408B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.43 | $16.98 | $602.8K | 34.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17024 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 261 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| OCL (ASX) Chart |
