Well, it appears that it is still reasonably valued; in simpler terms, it falls into the category of GARP (Growth at a Reasonable Price). As long as the EPS CAGR (Compound Annual Growth Rate of Earnings Per Share) remains higher than the PE CAGR (Compound Annual Growth Rate of Price-to-Earnings ratio), things should be fine.
The key factor to consider is whether the debt reduction plan is on track or not. The target for the DEBT/EBITDA ratio is set at 1:1. If the company manages to reduce its debt, this will have a positive impact on PAT. I still believe it is reasonably valued.
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