Originally Posted by
Caribbean
Beagle I would like to query you on your FY20 EPS estimates, would you care to share your assumptions?
To get an EPS of 2.4 cps they would need Revenue of circa 25million, assuming EBITDA and NPAT margins were inline with HY20 results and no dilution. Given guidance is "At least" 21million and EBITDA of 7.4 million giving an implied EBITDA margin of 35.2% which indicates a softening of margin for the second half I can't see 2.4 cps as being realistic.
My estimate for FY20 EPS ranges from 1.7 (conservative) to 2.1 cps (Bull case) so 30-62% EPS growth
Conservative
Revenue 21,000,000
EBITDA 7,400,000 (Implied margin guidance)
NPAT 3,549,000 (NPAT margin 16.9%)
EPS 1.7 cps
Bull case
Revenue 22,000,000
EBITDA 8,333,800 (margin inline with HY20)
NPAT 4,466,000 (margin inline with HY20) EPS 2.1 cps
Of course I'm happy to be proven wrong (On the upside)