a2 Milk Company Ltd (ASX: A2M)
The dairy company has grown its share price by 276% since April 2015 and there’s no sign of it slowing down thanks to its impressive results.
In FY16 it grew infant formula revenue by 414% and total revenue by 127%. With China only just getting rid of their one child policy, there could be a bumper few years for a2.
It’s currently trading at 25.4x FY17’s estimated earnings and there is a strong chance it may start paying dividends soon, which would be very welcome to most shareholders.
Foolish takeaway
All three of these businesses will have pleasing growth over the next few years. Out of the three I’d pick a2 because it has rapidly increased its market share and I think there’s more to come.
Chart update, page-118
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Last
$5.61 |
Change
-0.020(0.36%) |
Mkt cap ! $4.061B | |||
| Open | High | Low | Value | Volume |
| $5.69 | $5.74 | $5.60 | $10.03M | 1.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4199 | $5.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.64 | 2719 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |