Water Oasis, Execution Makes It More Compelling
Equity Bottom-Up320 Views, 12 Jan 2022 17:21
EXECUTIVE SUMMARY
-
Water Oasis (1161 HK) trades at a 6x FY22 ( Sept end ) PE with 31% of its market capitalization in cash ( implying ex-cash 4x PE ).
- For FY21, Water Oasis (1161 HK) paid a 22 cent dividend implying a 12.43% dividend yield. We forecast a forward yield of 14%.
- The company will continue to execute as it opens newer stores and beds down its M&A for a 15% CAGR revenue growth.