MYX valuation

Just did some numbers, any thoughts ppl? It's high level but gives a view? Feedback appreciated. Cheers.

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Acquisiton revenue,
US$237m = A$300m @ FX 0.80 (conservative)

NPAT margin 9-15%
(Based on H1 release for H1'14 & H1'15)
Not precise but gives an OK range.

Acquisition therefore gives about,
NPAT extra for FY17 - A$27m-$45m. Upside to A$55m?

We know,

H1'16 result = A$20m
H2'16 result? = Let's say A$25-30m range

So, FY17.

Acquisition: A$27-45m Upside to A$55m

Existing biz: FY16 of A$45-50 with 5-10% growth. FY17 A$47-$55m

Current MC: A$3.09bn

FY 17 -> Add the two to get estimate, PE shown are based on current MC and FY17s

Lower end: FY17 NPAT A$74m, PE 40
Mid est:. FY17: NPAT A$92m, PE 33
Upper end: FY17: NPAT A$110m, PE 27