A2M 0.29% $6.87 the a2 milk company limited

Ann: 1H23 Results Presentation, page-102

  1. 775 Posts.
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    your forgetting about improvement in the margin,. Mngt is targeting high teens but I would say they would be internally pushing for 20% margin.

    so on FY 25/26, with $2 billion of sales at circa 20% margin, that’s $400 million of EBiTDA , roughly double today’s numbers. Net profit would be circa $280 million. That would equate to EPS of 38 cents .

    Based on previous valuations, this would value the stock at between $11 to $13.
 
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