G8 Education: now offering a PER of 15, with 80% EPS growth for FY15

G8 Education: now offering a PER of 15, with 80% EPS growth for FY15. Aaron Muller reiterated his strong view on G8 Education after its pullback from $5.60 to $4.86 on the market weakness that started in early September. The PE has come back to 15 times, in line with the All Ords. However, whereas the EPS growth across the All Ords is in single digits, GEM offers 58% growth in FY14, and 80% in FY15. No further acquisitions are expected this year, with GEM having doubled its portfolio already this calendar year. However, there may be scope in time to take on a further $80 mil in debt, without exceeding a coverage ratio of 2.5 times. Aaron Muller's recent research on G8 Education is available here: (VIEW LINK)

Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.