A2M FY20 Results, page-129

Waiting for tomorrow with A2M sp.


Did anyone notice today's APT announcement? A lot of fluffy garbage is going to be in their report. If you take their NM % (2.25) and say they did about $20 billion in store sales (don't know which year they'll do that or even do that), no credit losses, no tax paid, no CAPEX and managed to extract profit of $450 million even when the fed rate has gone higher to 2%, then you discount those profit for 10 years versus outstanding shares, stock price to free cashflow sits at 46 times on 450 extraction per year. Oh Lawd - thats making it 76% overvalued.

You can breathe more easily if you're holding A2M instead of APT.