Given the revenue and profit from the Australian sales, (EBITDA from operations $3,788m) FOD has very little China upside factored in at the moment, so it looks pretty cheap based on expansion potential.
In September they also announced increased distribution and new products in Woolworths and independents worth $5m p.a, that should take Australian EBIT to around $5m, with the market cap at $70m.
FOD Chart, page-327
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