Guys here is the thing, Chinese infant formula market was $20billion US growing at 15% per annum. This year the market will be 23.5billionUS. A2's market share at 5.1% doesn't even have to increase to pull 1.19billion-revenue -growth in the US and U.K. will at least double because their distribution network was not fully operative until February and if you allow just 20% revenue growth in Australia this is what 2019revenue looks like without Korea, Hong Kong and Singapore.
So EPS of 50 cents a share is a doddle if not higher. Growth stock P.E. of 25 makes it worth 12.50 now. I believe EPS will actually be higher than that.
Add to this is that its starting to eat Nestles and Dannone's lunch in a number of markets what price on a takeover bid- they can't compete with product they don't have the herds.
Very strong result!!!, page-72
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Last
$6.42 |
Change
-0.030(0.47%) |
Mkt cap ! $4.648B | |||
| Open | High | Low | Value | Volume |
| $6.50 | $6.52 | $6.41 | $5.011M | 777.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6632 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 300 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |