They have announced they expect EBITDA to revenue ratio to be consistent for FY19 so even if they only achieve a measly 50% increase to EBIDTA (it was 100% increase last year) then based on normal profit margins we should see a 8 to 9b MC at a PE of 25 to 30 with SP gains from this point of around 20 to 30% for the next 9 months.
That's a rock solid return based on conservative calcs.
If they come anywhere near to a NPAT of 350 to 400m for next year (which follows the current crazy growth) then a 10b+ MC would be commanded and a SP of $14 to $15 IMO, or a 50% return from now.
I was almost scared out of A2M by market malaise around 3.3 to 3.1, glad I persisted with the longer term view. GLTAH
Announcement driven., page-28
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Last
$6.32 |
Change
-0.090(1.40%) |
Mkt cap ! $4.575B | |||
| Open | High | Low | Value | Volume |
| $6.33 | $6.38 | $6.24 | $13.98M | 2.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2794 | $6.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.33 | 27645 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |