SM1 7.27% 29.5¢ synlait milk limited

Average PE for NZX50 is around 21 and considering ATM acquired...

  1. 167 Posts.
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    Average PE for NZX50 is around 21 and considering ATM acquired its recent stake in SML at PE of around 26 (SP NZ$ 10.9 & eps 0.416 at the time), PE 20 to 25 seems very reasonable for a company expected to grow at around 20% year after year.
    Two new plants, 2 CFDA approvals and one FDA approval are in the pipe line. My TP is NZ$13 to 13.5 (Y19 eps .516 @20% and PE 25)
    Last edited by aqua687: 10/10/18
 
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