Guys here is the thing, Chinese infant formula market was $20billion US growing at 15% per annum. This year the market will be 23.5billionUS. A2's market share at 5.1% doesn't even have to increase to pull 1.19billion-revenue -growth in the US and U.K. will at least double because their distribution network was not fully operative until February and if you allow just 20% revenue growth in Australia this is what 2019revenue looks like without Korea, Hong Kong and Singapore.
So EPS of 50 cents a share is a doddle if not higher. Growth stock P.E. of 25 makes it worth 12.50 now. I believe EPS will actually be higher than that.
Add to this is that its starting to eat Nestles and Dannone's lunch in a number of markets what price on a takeover bid- they can't compete with product they don't have the herds.
A2M Price at posting:
$10.83 Sentiment: None Disclosure: Held
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