Posted this a week or so ago.I've used RM figures for my...

Posted this a week or so ago.

I've used RM figures for my expenses.
Some are variable with volume (eg COGS).
Some are variable with revenue (eg distributor margin)
Some are variable with profit (eg tax & dividends)
Some I've taken as fixed for that year regardless of sales (eg general expenses).

SLA 2009
Ropren units (t) 120
Units/month 10000
Kg/m 40.0
Ropren price ($AUDt) 2.5

End User Revenue 381
Distributer margin 102.9
Nett Sales Revenue 278.1

COGS 17.4

Gross Profit 260.7
Expenses ($m) 13.0
EBITDA 247.7
Depn & Amort 4.8
Tax 72.9
Nett Profit ($m) 170.1

Market Cap ($m) (PE 15) 2,551
Market Cap ($m) (PE 30) 5,102
Shares on issue (m) 208

Current Fwd PE 1.08
Target Price (p/e 15) 12.26
Target Price (p/e 30) 24.53

Est. Dividend at 1.5% yield 0.18