Let's go off the GS estimate adjusted for management commentary. Most reliable IMO. H1 FY19 sales of $125m to $140m EBITBA of $30m to $35m PAT of $21m to $25m (before one offs)
If H2 FY19 sales are $170m to $190m EBITDA of $38m to $47m PAT of $27m to $33m (before one offs)
FY19 sales are $295m to $330m EBITDA of $68m to $82m PAT of $48m to $58m
P/E ratio of 20 for no SAMR and P/E ratio of 30 with SAMR probable.
Valuation should be between $0.96b and $1.74b. Current valuation is approx $0.82b Expect an uplift of 20% to 110% depending of FY19 and SAMR outlook. DYOR
BAL Price at posting:
$8.10 Sentiment: Sell Disclosure: Held