TClarke announce a record set of results, with revenues up 30%, operating profit and EPS up 31%. Underlining its confidence in the outlook, the total dividend was increased by 10%. The order book increased by 4% to £555m and reflects a number of high-quality projects across a wide range of sectors, providing it with excellent visibility for FY23E. On unchanged forecasts, the stock trades on a FY23E PE of c8x and EV/EBITDA of sub 5x and continue to look undervalued in our view. With strong market ....
08 Mar 2023
Cenkos: TClarke Plc -- A record year
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Cenkos: TClarke Plc -- A record year
TClarke plc (CTO:LON) | 161 2.4 0.9% | Mkt Cap: 85.2m
- Published:
08 Mar 2023 -
Author:
Andrew Gibb -
Pages:
8
TClarke announce a record set of results, with revenues up 30%, operating profit and EPS up 31%. Underlining its confidence in the outlook, the total dividend was increased by 10%. The order book increased by 4% to £555m and reflects a number of high-quality projects across a wide range of sectors, providing it with excellent visibility for FY23E. On unchanged forecasts, the stock trades on a FY23E PE of c8x and EV/EBITDA of sub 5x and continue to look undervalued in our view. With strong market ....