In terms of valuations I find to be extremely cheap even after the current run up. Wonderla trades at a trailing P/E ratio of 20 times and has a visibility of earnings compounding of 20-25% over the next 3-4 years.
All well governed consumer facing companies typically trade at a valuation that is much higher than 20 given the typical justifications i.e. Low penetration in India, very long runway for growth , high terminal value, High ROCE etc.
Wonderla has all the above attributes and has a potential to command significantly better valuations going forward.
Disc: Invested in own, family and friends accounts – highly biased
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