A2M 1.50% $5.90 the a2 milk company limited

price fall, page-5

  1. 584 Posts.
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    Quote "It's trading at 32x FY19's earnings"

    So basically you are saying FY19 earnings is 10.72 / 0.92 / 32 * 730m = NZ$ 266m
    Compare to FY18 (assuming NZ$ 197m for now) it's only (266-197) /197 = 35% growth in NPAT

    It's ridiculously conservative tbh, if you realised FY18 NPAT growth will be at least 110%.

    I'm expecting FY19 earnings growth is around 60% in a reasonably conservative fashion - so it's currently trading around 26x FY19 earnings.
    Last edited by jzhuang: 04/07/18
 
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