For a company that reported double-digit EBITDA and operating cash flow growth for FY16, Augean continues to confound our analysis by trading on a low P/E multiple and well below our fundamental fair value. Given its excellent market position and sustainable competitive advantage through ownership of scarce hazardous landfill assets, we believe the stock should trade well above current levels. Granted, the company had one or two negative items at the full year, most notably the East Kent impa
31 Mar 2017
Overall growth but little market recognition
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Overall growth but little market recognition
- Published:
31 Mar 2017 -
Author:
Jamie Aitkenhead -
Pages:
6
For a company that reported double-digit EBITDA and operating cash flow growth for FY16, Augean continues to confound our analysis by trading on a low P/E multiple and well below our fundamental fair value. Given its excellent market position and sustainable competitive advantage through ownership of scarce hazardous landfill assets, we believe the stock should trade well above current levels. Granted, the company had one or two negative items at the full year, most notably the East Kent impa