Question should be what would be terminal PE when growth stops. Market has answer. Look at Elnet, IT tech park. Forward PE < 5. Infact EPS is very similar to Nesco
So, if in 10 years EPS becomes 3x and current perception of market is <5 PE, stock if already fairly valued.
Biggest segment of biz is IT park. Now why should be IT park biz command a higher PE than IT companies (on grand scale IT park biz is a function of IT companies biz) which have historically traded at 15PE and have shown about 10% growth and is much higher RoE and capital light biz.
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