Q: Hi, the last response (Mar '23) on JWEL was ..."It's 18X earnings, we think 15X would be a better price point.", what would 15x equate to in stock price?
Has anything else changed since the release of Q1 results that gives you more hope or that we have seen perhaps a bottom in the stock price? It hit a 52 week low yesterday. There has been insider buying last 3-6 months vs sells. Has this essentially become a value stock now vs growth?
I do not own but it is on my watch list.
Cheers,
Steve
Has anything else changed since the release of Q1 results that gives you more hope or that we have seen perhaps a bottom in the stock price? It hit a 52 week low yesterday. There has been insider buying last 3-6 months vs sells. Has this essentially become a value stock now vs growth?
I do not own but it is on my watch list.
Cheers,
Steve
5i Research Answer:
JWEL reported a good quarter with a strong performance from Youtheory. Growth in China is expected to remain on track with a 25-30% growth in revenues. All signs are in the right direction, but with a shrinking coverage ratio, we still think a 15x forward earnings multiple makes sense compared to the 17.5x it trades at currently. This translates to a price of $24.60. At this point, we think it is still a growth stock.