04-28-2021, 08:38 AM
(04-28-2021, 08:21 AM)ken-do-nim Wrote: > but they aren't growing much for years now.
?
Stock price April 29th, 2019: $52.94
Stock price today: $134.39
2.5 times growth in the last 2 years.
2018 EPS: $2.98
2019 EPS: $2.97 (no growth)
2020 EPS: $3.28 (10.4% growth)
Expected 2021 EPS: $4.43 (35% growth)
Expected 2022 EPS: $4.70 (6% growth)
Price growth has wildly outpaced earnings growth, and dividend growth too for that matter.
It needs more years like the projected 2021 growth and less like the others for it to be worth the 30X multiple the market is giving it.