$280B Industry, page-180

Quick basic comparison but both in the food industry and both based in Christchurch

NZS

$8m MC
$3m Cash
$5m EV
Established Revenue of $5m and growing


KTD

$61m MC
$9m Cash
$58m EV
Annual revenue $11.5m

- KTD is still not cash flow positive after listing in mid 2018 with a quarterly cash burn of over $4m

- NZS has a tiny MCAP and Ev by comparison with current orders totally half our current MCAP, it will be interesting to the see the margins on the established revenue and see how far away we are from becoming cash flow positive (if we are not all ready)

I understand these companies sell different products but the numbers speak for them selves. If the market is happy to value KTD at $61m with $11.5m Revenue a cash burn of over $4m a quarter then I think its fair to say NZS has a fair way to go to achieve fair value!

Multi Bagger right here and a screaming buy at these prices IMO