Four key issues have weighed on Devro’s share price in recent months. Detailed analysis of each of these concerns suggests that the risks are actually relatively limited and that Devro offers good mid-long term potential. Our revised forecasts post the FY15 finals give a projected 3 year PBT CAGR of 14%. Devro remains one of our top picks of the year as we see the group as having successfully repositioned itself to accelerate growth over the next 3 years. The shares on a FY17 P/E of 12.6x, a >3. ....
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Addressing investor pushback
- Published:
23 May 2016 -
Author:
Sahill Shan -
Pages:
28
Four key issues have weighed on Devro’s share price in recent months. Detailed analysis of each of these concerns suggests that the risks are actually relatively limited and that Devro offers good mid-long term potential. Our revised forecasts post the FY15 finals give a projected 3 year PBT CAGR of 14%. Devro remains one of our top picks of the year as we see the group as having successfully repositioned itself to accelerate growth over the next 3 years. The shares on a FY17 P/E of 12.6x, a >3. ....