The way I see it., page-44

Very Good GL I had a similar attempt with similar estimates. Breaking the annual estimates into quarterlies.

There are many assumptions, overhead, margin, shares on issue and the main assumption is PE. This is  not research and please DYOR.

The anaylsis is based on the directors sales estimates and the company may well not do these numbers.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12
0	TIS Sales Estimates Issued 03-2014						M's
1		2014	2015	2016	2017	2018	2019	2020	7 Yr Total
2	SM's Sales	2.6	33.6	109.0	330.0	549.0	663.0	786.0	2,473.2
3	QOQ Grwth		53.0%	27.7%	33.7%	5.1%	4.7%	4.2%
4
5									M's
6	Quarter Ended	Sales	Margin	GP	Qtr OH	NPBT	TAX	NPAT	SHARES	EPS PQ	PE	Implied SP
7	Dec/14	2.6	75.0%	1.95	2.50	-    0.55	-	-    0.55	270	-$ 0.0020	21	Speculative
8	Mar/15	4.0	75.0%	2.98	5.00	-    2.02	-	-    2.02	300	-$ 0.0067	21	Speculative
9	Jun/15	6.1	75.0%	4.56	5.00	-    0.44	-	-    0.44	300	-$ 0.0015	21	Speculative
10	Sep/15	9.3	75.0%	6.98	5.00	1.98	-	1.98	300	$ 0.0066	44	$1.16
11	Dec/15	14.2	75.0%	10.68	5.00	5.68	-	5.68	300	$ 0.0189	44	$3.33
12	Mar/16	18.2	75.0%	13.64	7.50	6.14	-	6.14	300	$ 0.0205	44	$3.60
13	Jun/16	23.2	75.0%	17.42	7.50	9.92	-	9.92	300	$ 0.0331	44	$5.82
14	Sep/16	29.7	75.0%	22.26	7.50	14.76	4.4	10.33	300	$ 0.0344	44	$6.06
15	Dec/16	37.9	75.0%	28.43	7.50	20.93	6.3	14.65	300	$ 0.0488	44	$8.60
16	Mar/17	50.7	75.0%	38.01	10.00	28.01	8.4	19.60	300	$ 0.0653	28	$7.32
17	Jun/17	67.7	75.0%	50.80	10.00	40.80	12.2	28.56	300	$ 0.0952	28	$10.66
18	Sep/17	90.5	75.0%	67.91	10.00	57.91	17.4	40.54	300	$ 0.1351	28	$15.13
19	Dec/17	121.0	75.0%	90.78	10.00	80.78	24.2	56.54	300	$ 0.1885	28	$21.11
20	Mar/18	127.2	75.0%	95.40	12.50	82.90	24.9	58.03	300	$ 0.1934	28	$21.66
21	Jun/18	133.7	75.0%	100.26	12.50	87.76	26.3	61.43	300	$ 0.2048	28	$22.93
22	Sep/18	140.5	75.0%	105.36	12.50	92.86	27.9	65.00	300	$ 0.2167	28	$24.27
23	Dec/18	147.6	75.0%	110.73	12.50	98.23	29.5	68.76	300	$ 0.2292	28	$25.67
24	Mar/19	154.6	75.0%	115.91	15.00	100.91	30.3	70.64	300	$ 0.2355	28	$26.37
25	Jun/19	161.8	75.0%	121.34	15.00	106.34	31.9	74.44	300	$ 0.2481	28	$27.79
26	Sep/19	169.4	75.0%	127.02	15.00	112.02	33.6	78.42	300	$ 0.2614	28	$29.28
27	Dec/19	177.3	75.0%	132.97	15.00	117.97	35.4	82.58	300	$ 0.2753	28	$30.83
28	Mar/20	184.7	75.0%	138.50	17.50	121.00	36.3	84.70	300	$ 0.2823	26	$29.36
29	Jun/20	192.3	75.0%	144.26	17.50	126.76	38.0	88.73	300	$ 0.2958	26	$30.76
30	Sep/20	200.3	75.0%	150.25	17.50	132.75	39.8	92.93	300	$ 0.3098	26	$32.21
31	Dec/20	208.7	75.0%	156.50	17.50	139.00	41.7	97.30	300	$ 0.3243	26	$33.73
32		2,473.2