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  5. FTT: Outlook for both please and which to hold for 2 to 3 years and reasoning. [Finning International Inc.]
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Q: Outlook for both please and which to hold for 2 to 3 years and reasoning. Thanx.
Asked by Steve on May 09, 2024
5i Research Answer:

PLC outlook forecasts a decline in revenue and EPS in 2024. Approximatley 4% and 8% revenue growth in 2025 & 2026 respectively. EPS growth expected to be just above 10% annually for 2025 & 2026. FTT's outlook for 2024 is marginal/flat revenue and EPS growth. Revenue growth will be no higher than 4% annually from 2025-2026. EPS growth is forecasted to be 7% annually from 2025-2026. 

FTT pays a yield near 2.4% while PLC pays a 2.7% yield. Both companies are cheap with FTT having the edge at 10.5x forward-earnings and PLC at 15x forward-earnings. We like PLC slightly bit better here for the higher growth upside.

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