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Pizzas & Donuts for thought...., page-56

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    The losses they had were staggering though, I haven't done a full analysis however I suspect that over a 10 year period they were unprofitable, or marginal at best. FY18 had an NPAT loss of $306.7m, FY19 had an NPAT loss of $149.3m and FY20 had an NPAT loss of $4m.

    Enterprise value is simply market cap +\- net debt/ net cash.

    Sounds overly confident to say no doubt in your mind that the market cap will be well over a billion in a decade.
 
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