A pleasing aspect of BWX is that its multiple brands have multiple growth avenues. Sukin is largely based in Australia, but it’s now expanding overseas. Andalou Naturals and Mineral Fusion are American brands that are now growing internationally as well.
Sukin, the most important brand, is becoming increasingly available to mass channels in the USA and Europe, which led to revenue growth of 55% last financial year.
The small cap ASX share is looking to build a new manufacturing hub which will help future growth. It’s expecting revenue and EBITDA growth of at least 10% in FY21.
At the current BWX share price it’s trading at 34x FY21’s estimated earnings."