-forward p/e of around 8, when the sector average is around 15
-management that have demonstrated they can deliver results, to brokers forecasts, during the worst down-turn in IT ever....chief exec Simon Beart reckons that a small incremental increase in sales will have a disproportionate effect on the bottom line....ie, as things start picking up, XKO will acheive even better profits
-forecast eps growth is some 24%
-cash flow has been extremely strong
-no dependance on any one customer
-succesful policy of small, bolt on aquisitions leading to enhanced eps
-you even get a dividend....what more could you want!
-forward p/e of 8 for eps growth of 24% represents good value in anyones book, but in a sector where high growth and high margins are very possible, this looks like a great low risk way to play the pick up in the IT market.
