it would be more likely that EPS growth accelerates from here. First of all,
1. Revenue is projected to grow at around 10% p.a 2. gross margin at 13.8% is projected to improve to high teens/ early twenties especially if they get USA and MVM profitable and by reducing marketing investment at current unprecedented levels. 3. hIgher revenue, reduces overheads as a % of sales 4. Full year of new product rollout and increase velocity from products in new stores 5. Re-igniting of Diagou resellers with China opening and students in Aust and NZ.
Based on the above, I would say EPS should grow 20% p.a from here up to 2026 so FY23 at 21 cents, FY24 at 26 cents, FY 25 at 32 cents and FY 26 at 38 cents
A2M Price at posting:
$6.40 Sentiment: Buy Disclosure: Held
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