They have Salmon revenue in 2030 the same as in 2024, to four decimal places, they have just made an assumption nothing changes between 2024 and 2030. The odds of no significant change in price between 2024 and 2030 are so low that its reasonable to described it as impossible imo.
Its a serious analytical flaw on their analyst if they have projected only some of the numbers out to 2030 (prawns) and not others, like i have said DCF gives cruel errors if you make even small mistakes.
The other thing to consider that i see no reference to, is how inflation plays into it, there is a lot of uncertainty about cost and relative pricing right now, it creates a lot of uncertainty around their projections. It probably makes more sense to use EBITDA margin (as a %) rather than raw numbers.
TGR Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
