A2M 0.53% $5.65 the a2 milk company limited

H1 FY19 (H119) Estimate, page-46

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    Revenue $605m
    EBITDA $210m
    margins 35%

    Full year
    sales 1335m
    EBITDA $468m
    margins 35%
    NPAT $334m
    EPS $0.46

    Cash + Investments $1.08 per share

    PER adjusted for cash 22x

    2020 adjusted PE falls to 13.5x as the Company will have accumulated $1.80 of cash and investments. assuming no dividends or buybacks.
 
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