1. NXT is not on a PE 4. It is on an FY18 PE of 118x and FY19 PE of 55x, based on consensus forecasts.
2. NXT is a capital intensive business with no IP.
3. DWS is a low margin crappy services business and is sub scale. it deserves a low multiple.
4. NXT's profit growth is only strong because it is coming from a low base.
5. NXT's EPS growth is NEGATIVE because it is a capital intensive business constantly issuing shares. EPS matters. nominal profit growth does not.
DTL and MLB are equally crappy services businesses with no IP and no operating leverage. they are not comparable to a SaaS business with high recurring revenue, 99% customer retention and a multi-billion dollar addressable market. Compare TNE to SaaS businesses not service providers with low margins - these are body shops not software businesses.
Still expensive even after down 10%, page-8
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Last
$31.28 |
Change
0.390(1.26%) |
Mkt cap ! $7.662B | |||
| Open | High | Low | Value | Volume |
| $30.99 | $31.38 | $30.86 | $6.079M | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 217 | $31.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.29 | 212 | 9 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| TNE (ASX) Chart |
