Today's AGM statement confirms that trading in the early months of 2023 has continued to be strong. TClarke remains highly confident that it will successfully deliver against its growth strategy, with revenues expected to exceed £500m for the first time in the current year. The order book has been strengthened significantly and now stands at £720m (2022: £585m). On current forecasts, the stock trades in a FY23E PE of c7x and an EV/EBITDA of c4x and in our view, this significantly undervalues the ....
