Valuation for ASX infant formula players are very generous, that's why I am interested in AHF.
A2M, BAL, are in multi-billion dollar category as they are producing nice profit.
BUB & WHA, over $300m for early players but with limit revenue.
JAT, 51% Golden Koala infant formula, its market cap fetched $150m today, on a 100% basis, is valued at $294m for an infant formula with annual revenue of around $2m.
AHF, market cap is around $55m, has farm, cow and facility & land.
AHF Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
