What ‘appens next to the APX share price

Companies, Editor's Pick | Comments (2)

What ‘appens next to the APX share price

Appen (ASX:APX) is one of Australia’s high-flying tech stocks – which collectively go under the WAAAX acronym. Its share price has almost tripled over the past year as many investors ride the Oz tech story. But to my mind, the company’s valuation looks extremely stretched.

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Appen is one of Australia’s high-flying tech stocks and its share price has almost tripled over the past year. It appears their growth assumptions are merely an extrapolation of recent compounded average annual growth rates. Share on X
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Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

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2 Comments

  1. Carlos Cobelas
    :

    Roger, I looked at stocks like REA, Seek, Altium and Amazon in their early days and thought they looked absurdly expensive also.
    Years later their share prices are thousands of % higher…..
    Surely one can make a case for having a small portion of a portfolio in high growth stocks
    that look expensive but have very bright company prospects, but not bet one’s house on them.
    After all, stocks that look cheap are usually cheap for good reasons.
    Isentia springs to mind…..

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