OEPS tracking at 80 cents, putting the P/E at about 17.
Not many companies on the asx are growing at over 20% trading on a lower PE than their growth rate. I accept there were some big one offs with DGT, but that assumes there will be no more big launches through next year (which it looks like there will be).
HMC look to getting a fair bit of traction with their unlisted funds in the insto space, appetite for LML, energy tranisiton and digital infrastructure. Not to mention their new PE fund being launched.
Should be some big years of growth ahead, and of we get some rate cuts things could really be set for a big rerate.
Broker consensus numbers have a lot of catching up to do, should be some big upgrades.
HMC Price at posting:
$9.90 Sentiment: Buy Disclosure: Held
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