"And and our target after that [in fiscal 2027] is around $20 million in free cashflow."Assuming the former fund manager's ambitious targets are met, the wine merchant trades on just four times next year's free cashflow target of $10 million and a scarily cheap 2x free cashflow targets of $20 million for the financial year ending 2027.
Williamson, who worked as a stock picker at Allen Gray and the Investec Australian Equity Fund before taking charge of Australian Vintage, says the 2027 target is realistic as it's equal to a moderate return on capital employed of 8 per cent if achieved.
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