A2M 1.05% $5.65 the a2 milk company limited

A2M Strategic Valuation, page-55

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    lightbulb Created with Sketch. 2089
    I also have no idea how Morningstar have 31c as underlying FY21 earnings. Is that AUD or NZ?Management guided underlying EBITDA margin low to mid 20s. Morningstar must be assuming higher margins?

    And 57c in FY23? So over 2B in revenue in FY23?
 
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