ASX:LGIRenewable Energy
LGI (ASX:LGI) Shares Confront Cash Conversion Doubts After Strong Margins
LGI walked into this result priced for perfection, trading on a P/E of 28.7x and sitting at A$2.43 after a flat month and a sharp 90 day slide. The stock has been treated as a high growth clean energy story. The headline from FY26 is simple. Profit is strong on paper, with net income of A$5.689m in the second half and a 20.1% margin over the past year, but the quality of those earnings and the pressure from a stretched valuation now sit front and centre.
Is LGI fairly priced as a high growth...