That's all basically correct, but I don't think it's a good idea to derive future P/E ratios from old ones. You rarely see 50 in the retail sector. In view of the high proportion of labor costs in the industry and the political demands for higher minimum wages, the margin trend also seems critical to me.
It may help to take a comparative look at the competition (EssilorLuxottica, not Mister Spex). The share price has performed better there in recent years. I would compare before you buy.
(Transparency note: I am invested in both companies)
It may help to take a comparative look at the competition (EssilorLuxottica, not Mister Spex). The share price has performed better there in recent years. I would compare before you buy.
(Transparency note: I am invested in both companies)
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