If you look at Adapt IT’s financials you’ll see the company is on a PE of ratio of 16.34.
That’s not cheap is it? With the JSE All-Share Index at 19, and the long-term JSE average at around 14 it would seem Adapt IT is fully priced for the small IT company that it is.
But that’s not the case.
In fact, digging deeper into a recent 20 page report the company released I uncovered a little known fact.
Adapt IT sells at a discount of nearly 40% to the JSE All-Share Index average.
What’s more is the growth this company has generated for investors over the years.
On a ten-year basis it has done 1,252% growth – dividends excluded.
And, had you bought shares in the company back in 2009, you would have paid 44c per share. Since then, it has paid out 64.74cps dividends. So while you would’ve made massive capital gains, you would also have received MORE THAN YOUR MONEY BACK in cash!
In this month’s newsletter I answer why I believe Adapt IT will repeat this massive market outperformance in the five years to come….
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