Today’s year end update felt binary to us. Either performance would fall shy of downgraded expectations, and the recent market sell-off would have been well founded, or it would meet downgraded expectations – which would highlight the shares being significantly oversold. Given it is the latter, the question becomes how quickly and by how much the shares can re-rate. The 8.5x P/E (5.5x EV/EBITDA) equates to a 40% discount versus the group’s 5 year historical average. Recent underperformance means ....
06 Feb 2018
In line update exposes oversold valuation on 40% discount to prior avg.
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In line update exposes oversold valuation on 40% discount to prior avg.
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
06 Feb 2018 -
Author:
Matthew McEachran -
Pages:
4
Today’s year end update felt binary to us. Either performance would fall shy of downgraded expectations, and the recent market sell-off would have been well founded, or it would meet downgraded expectations – which would highlight the shares being significantly oversold. Given it is the latter, the question becomes how quickly and by how much the shares can re-rate. The 8.5x P/E (5.5x EV/EBITDA) equates to a 40% discount versus the group’s 5 year historical average. Recent underperformance means ....