ASX:NGICapital Markets
Navigator Global Investments (ASX:NGI) Share Price Trails AUM Growth As Profitability Shrinks
Navigator Global Investments walked into this result with the stock treading water over the past week and a flat 7 day move, yet carrying a rich 53.7x P/E and an A$2.61 share price that sits well below some valuation estimates. The earnings headline is not about revenue growth or a simple earnings per share beat. It is about a sharp squeeze in reported profitability, with the trailing net margin down to 14.9% after a large one off loss, even as ownership adjusted assets under management and...