H117 earnings growth of 36% reflects strong demand for nonprime used vehicle loans supported by significant available funds that have enabled the group to accelerate investment into the market opportunity. This has generated inherent “momentum in the system” that will drive superior earnings growth rates in FY17 and FY18. This strong growth profile is not reflected in the current valuation; the relationship between valuation (FY1 PE: 14.4x) and growth rate (27.6%) is highlighted b
27 Sep 2016
H117 results
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H117 results
S&U plc (SUS:LON) | 1,835 734 2.2% | Mkt Cap: 223.0m
- Published:
27 Sep 2016 -
Author:
Ben Thefaut -
Pages:
5
H117 earnings growth of 36% reflects strong demand for nonprime used vehicle loans supported by significant available funds that have enabled the group to accelerate investment into the market opportunity. This has generated inherent “momentum in the system” that will drive superior earnings growth rates in FY17 and FY18. This strong growth profile is not reflected in the current valuation; the relationship between valuation (FY1 PE: 14.4x) and growth rate (27.6%) is highlighted b