Ann: 2019/20 First Half Results, page-3

If one examines comparable EV/EBITDA multiples with similar (on a high level) businesses such as CUP, this would still appear to be about 50% undervalued.

Must caveat this is but one isolated, imperfect, and indicative form of analysis - but IMO this very much aligns & supports other types of analysis for EAS, such as estimated intrinsic valuations.

All things considered, I think we've got a long way up before reaching a fair value