A2M 0.58% $6.91 the a2 milk company limited

High Risk Warning, page-12

  1. 10,603 Posts.
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    Not the biggest fan making decisions on known numbers as that gets factored within minutes of release.

    Looking at NZ$0.45 EPS FY 20 which puts it 29x and estimated 23x on FY 21 prints

    NPAT growth is some 20% which makes 29x valuation attractive.

    The only issue I have is the contraction of margins dont want that to contract too much. But needs to spend on marketing and fully expect it to smash through NZ$2B revenue in 18 months so a little margin contraction is OK.
 
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