Agree pe 30 is a good multiply. Current forecast fy16 $50 mil ebitda thats including development cost of $16 mil for us and uk market. This also means a2 able to make $16 mil + $50 mil = $66 mil from its anz and china business. Thats a lot of money then minus 30 percent tax= npat become around $46 mil with pe 30 = around $1.80+ per share. How can this share considered as overvalued? In my opinion, development cost of us and uk business shouldnt be considered in valuation because it is going to be temporary. Also a2 doesnt have to spend that money to make $66 mil ebitda.
Remember that the calculation above is assumed that there is no further profit upgrade. Do u think the chances of further profit upgrade higher or no further profit upgrade? Given that high demand of a2 products at the moment.
Cheers. Good luck all.
Agree pe 30 is a good multiply. Current forecast fy16 $50 mil...
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$6.77 |
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Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
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