Redflex Holdings Limited is an Australia-based company engaged in traffic management, road safety, defense, transport, security and communication products. The Company provides red light and speed photo enforcement systems and back office processing services in Australia and US.
Share price: $2.70
Market Cap: $240m
Year end: June 30th
Pros
- Strong market leader
- High operating margins
- Excellent recurring revenue
Cons
- Need to check debt and cashflow
- Stated ROE 15%
- High CAPEX
- NPAT $10.6m -> P/E 22 (trailing)
Current Forecasts
EPS(c) PE Growth
Year Ending 30-06-09 15.2 18.0 33.3%
Year Ending 30-06-10 19.9 13.8 30.9%
Growing fast but need a higher margin of safety...share price ~$2.30
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