Forwarders eye growth via M&A as deal activity builds
M&A is expected to increase among the fragmented forwarding sector this year, with several companies ...
“WiseTech (WTC) share price: Uncovered, but on the radar. Provisional against the odds estimates point to a fair value in the region of A$32. It currently trades (A$27.5 a share) at over 100x sales, ~ 80x ebitda, and over 100x earnings on a forward basis.” – Loadstar Premium, 11 June 2019.
Remember the figures/multiples above? Well, in those days – yes, only a month ago – WTC traded at A$27.5.
It’s now worth ~ A$9.4bn ($6.6bn), implying even richer projected multiples than ...
Comment on this article