Price to sales ratio for A2M for FY16 with today's share price is 2.81. For BAL to achieve same ratio, it needs $430M AUD sales for FY16. FY15 Sales for BAL is $135M. The million dollar question is will BAL achieve it??? It needs to increase revenue by more than 200% (more than 3 times revenue of last year) to achieve comparable price sales valuation.
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