2024-03-10 00:42:58 ET
Summary
- The company is inflecting into profitability with 2 fast-growing products.
- Annualized 2024 P/E multiple could be less than 5x, while comps are trading at more than 30x.
- Company enjoys tailwinds from the EV and AI macro trends.
PPSI is an electrical-power management company with all the following characteristics:
- Profitable, with an inflection point occurring now.
- High growth (~60% and ~50% topline growth in 2023 and 2022, respectively).
- Owner-led, with the CEO owning 20% of the company and having purchased shares at $6 on the open market in 2023.
- Enjoys both Electric Vehicle ((EV)) and Artificial Intelligence ((AI)) macro tailwinds.
- Record backlog.
- Net cash.
Read the full article on Seeking Alpha
For further details see:
Under The Radar Power-Grid Play Trading At A Funny Valuation