ATP atlas pearls ltd

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16.5¢

Ann: Kobe Auction Result and Sales Update, page-30

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ccc123

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05/12/23

16:38

Post #: 71284621
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Originally posted by hotcongo ↑

Has anyone had a go at trying to guess a full year pre-tax profit for ATP? and a pre-tax p-e ratio?

assuming there are 428m shares , at 13c that Ives ATP a market cap of $56m

Last years revenue was ~ $26m

Lets assume that for the rest of this year the price of pearls stays stable at $102/Pearl and that in the next 7 months ATP processes and sells enough pearls to bring it up to the 2023 figure, that means the total revenue for 2024 year may be $60m.

Last year the cost of goods sold was $11m and admin and other costs were $7m. let's assume the same for 2024.
That means the pre-tax profit for 2024 may be $60m - $18m = $42m

that works out to a pre-tax p/e of 1.3333

That's cheap, hey?

…

Is there anything glaringly wrong with this analysis?

It works as long as there are no extra costs attached to pearls selling for a huge price versus a cheap price. for instance, you wouldn’t want the auctioneer charging his commission by a percentage of total sales….like real estate agents.

Expand

Back of envelope calc for me:

Extrapolating sales over 12 months and applying a 20% discount to be conservative, sales could be $50m.

Applying a 35% PBT margin, one gets $17.5m.

Current market cap of $55.6m, equates to a forward PE estimate of 3.2.

Very conservative estimate not taking into account likely margin expansion and continuation of sales momentum.

Still very cheap in my perspective. NFA.

ATP Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $72.44M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$28.88K	175.5K

Buyers (Bids)

No.	Vol.	Price($)
2	104042	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	20297	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.160
9	318704	0.155
10	311880	0.150
6	420217	0.145
6	314142	0.140

Price($)	Vol.	No.
0.165	16045	1
0.170	303434	7
0.175	338707	6
0.180	242710	5
0.185	298354	2

Last trade - 16.10pm 25/07/2025 (20 minute delay)

ATP (ASX) Chart

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