Civmec vs Ausgroup

Civmec vs Ausgroup: Civmec continues to ascend higher, +3.5% today. Note that grp is rumoured to be organizing an analyst meeting/trip to view its operations in Australia. At Current price, grp trades at a whooping 50x P/E. Contrast this to Ausgrp, who trades at approx. 7x P/E. Ausgrp’s share price has been tracking Civmec considerably well, and at current valuations could potentially be a safer bet. Recall in its latest earnings, grp reported a strong turnard following previous yrs disappointment, with net profit rising 133.1% to A$6.79m ($8.55 million) vs YOY. Revenue rose 17.6% to A$182.25m yoy, due to higher activity levels in the integrated services segment and the manufacturing and fabrication segments.