Industrials
This undervalued small cap is poised to see much higher than expected growth - outperformance to be driven by KE’s impressive order backlog (>$1bn), improved leveraging of its completed facilities, and a continuing easing of global supply chain constraints. Singular’s new FY23 estimates are for sales to rise by 20.6% to $1,627m and EPS to rise by 99.3% to $2.47. Forward P/E of 8.4x is lower than the average competitor. 12-month TP increased to $31 (30% upside) - blended valuation methodology (50% relative P/E ratio and 50% DCF model).
Edition: 142
- 19 August, 2022