In today’s briefing:
- GQG Calls Adani Names 5Yr “Multi-Baggers” – It Works at 30% EPS CAGR if You Torture the Numbers
GQG Calls Adani Names 5Yr “Multi-Baggers” – It Works at 30% EPS CAGR if You Torture the Numbers
- The Adani names are seeing new news and commentary. SEBI is probing offshore deals for rules violations, SEBI filed an interim report Sunday with the Court, Cements are refinancing US$4bn.
- GQG’s Jain was interviewed by Bloomberg TV in NY saying he sees his Adani basket being a “multi-bagger in five years.”
- Assuming growth and margins equivalent to peer max rates, all profits reinvested, and 100% gain in stock price in 5yrs, NP CAGR=33%, 2028 EV/EBITDA average of four names is 29.4x.
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