Sure, a decade is a longer time frame than the 'next few years'...

Sure, a decade is a longer time frame than the 'next few years' you mentioned earlier.

Perhaps you ought to consider that the company itself is targeting revenue of NZ$2bn by FY26 (but also says it is likelier in FY27 or later). That's roughly a 20 percent increase in its annual sales over the next few years. Through improved margins, buy backs etc. perhaps we could hope to see larger improvements in EPS across that time.

But getting a 20% increase in revenue to translate into a 200-300% increase in SP is much harder. Sure, there are major acquisitions they can make, increases in market share in existing markets and successful entry into new markets. But these are all at least partly factored into the company's own strategy to get to the targeted $2B in sales, which they already pushed back to FY27 earlier this year.