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$5.90 the a2 milk company limited

Ann: 1H24 Results Presentation, page-14

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werdplaya58

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19/02/24

08:38

Post #: 72476186
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Originally posted by Winniethepoo: ↑

Looks like most things heading in right direction with most earnings metrics growing and FY24 outlook slightly stronger.

Main negative seems to be delay in the medium term revenue outlook.

"Achieving the Company’s medium-term revenue ambition of ~$2 billion by FY26 would require an additional ~$380 million in revenue growth on CY23 over the next 2.5 years. This growth would represent a compound annual growth rate of approximately 9% with higher growth required in FY25 and FY26 based on the Company’s revenue guidance for FY24 which is low-to-mid singledigit percent growth (refer FY24 Outlook below).

Whilst it remains possible for the Company to achieve its medium-term revenue ambition of ~$2 billion by FY26, at this stage it is likely to be achieved by FY27 or later. The Company continues to target EBITDA margins in the ‘teens’ with year-on-year improvement"

Are most people already assuming that $2bn revenue in FY26 number would not be met?

Expand

Not sure about others but to me it's seemed a heavy lift for awhile now. I think it was set in 2021.

The interesting thing is that I think management's long-term incentives were tied to revenue and EPS targets aligned with the $2B.

Last edited by werdplaya58: 19/02/24

A2M Price at posting: $5.05 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $5.90		Change -0.090(1.50%)		Mkt cap ! $4.271B

Open	High	Low	Value	Volume
$5.96	$5.97	$5.86	$19.03M	3.213M

Buyers (Bids)

No.	Vol.	Price($)
1	4800	$5.87

Sellers (Offers)

Price($)	Vol.	No.
$5.91	29913	3

View Market Depth

No.	Vol.	Price($)
1	4800	5.870
7	15150	5.850
3	9768	5.840
2	55752	5.830
6	23455	5.820

Price($)	Vol.	No.
5.910	29913	3
5.920	24570	3
5.930	23959	2
5.990	4029	1
6.000	2395	5

Last trade - 16.10pm 18/10/2024 (20 minute delay)

A2M (ASX) Chart