Listed: Australian Securities Exchange
Forge group are an Australian engineering and construction company. They generate most of their revenue from providing building and engineering expertise to resources companies, power companies, and large scale construction projects. They are currently trading with a Market Cap of AU$434m and have net cash of $111. Their 5yr EPS growth rate is 63% and they have been able to generate over 20% ROCE through the cycle. They are trading on a foward PE of 6.5 and management have recently stated that they are confident that they will hit their EPS target for 2013. As of June 2012 they had an order book of AU$900 and since then have released multiple contract wins (totalling AU$467.2m).
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