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MTI Wireless Edge - Building on momentum

MTI Wireless Edge Limited (LON:MWE) is a world leader in developing and manufacturing  high quality and cost effective antenna solutions for commercial and military applications, as well as control systems for remotely operated smart irrigation systems. The company has achieved strong growth in recent years, with a three-year revenue compounded annualises growth rate (CAGR) of 22% and an earnings per share (EPS) CAGR of 70%. These dynamics have supported a share price increase of 170% over the three years.
MTI Wireless Edge - Building on momentum

We argue that a prospective 2019e price/earnings (P/E) multiple of 8.9x represents a modest valuation for a company with MTI Wireless’s ongoing growth potential and sound financial position.

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Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
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