Professional
Added to YB: 2023-11-16
Pitch date: 2023-11-16
PPE.AX [bullish]
Peoplein Limited
-46.14%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Peoplein Limited engages in the provision of workforce management, contracted staffing, recruitment, and human resources outsourcing service in Australia and New Zealand.
Market Cap
AUD 84.6M
Pitch Price
AUD 1.53
Price Target
N/A
Dividend
17.28%
EV/EBITDA
5.28
P/E
8.08
EV/Sales
0.16
Sector
Professional Services
Category
N/A
Hurdle Rate Unit Trust: Peoplein (ASX:PPE)
PPE.AX: Peoplein, Aussie staffing firm hit by labor market woes. Rev mostly contract hire, health/prof svcs high margin vs industrial. Acquisitions drove growth but founder recently left. Upside: 13% div, teens EPS growth, re-rating. Risks: food biz impairment, ~30% profit hit. Focusing on resilient areas (PALM, FIP, Halcyon) key.
Read full article (4 min)