Should I short APT now, page-26

Coles 20B in annul revenue
APT ??

Coles nudging 1.5 BILLION in annual EBITDA
APT nudging 50M..

Obviously APT is growing faster, but what about respective risks?

How assured is it, that APT will ever make 1 or 2 B in EBITDA?

What about NPV? Cash today is worth more than in a decade right?

So seeing as APT MC is almost twice Coles now, it needs to get its EBITDA up to more like 4 times Coles in a decade or so, for that to make sense...

Will APT get to 6 + Billion in annual EBITDA in a decade, for someone to be better of owning all of APT over COL??


I'm not saying APT is a bad company, or going to crash tomorrow..

I am just questioning the current valuation.