Hard to see it undervalued at $5. But this share has been all of guns blazing so wouldn't be surprised to see a similar rocket this morning
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OK I'll stick my head our and do a forecast.....EPS in FY17 grew 188% over FY16 to 12.7c.
If we assume slower 100% EPS growth in FY18 to (say) 25c. (could be more with share buy-back??) at a P/E of 30 we get a forward value of $7.50
Looking good to this happy holder......
I may jump back in. Will see how the ASX reacts today.
Beautiful :)
My broker said that they value the shares around $5 what are your guys thoughts?
That was late last week.
$5.19 today / up 5.70% in one day. Noice....
peak a2 milk?
$5.20 on the close so up 5.9% but it beat average analyst expectations by 14.4% so a further rerating in the short term wouldn't surprise me and then there's obviously ongoing growth ahead. I'm expecting N.Z. and Australian analyst upgrades on the back of this result.
The cat is enjoying his cream on this one...
Good to see the growth, and nice that its "disciplined" as well - increasing revenue translating nicely to earnings growth. Will be VERY interested in revenue predictions for the next 12 months, and whether there is a significant increase in fixed costs as a result of it. The high PE is factoring in some big expectations...so it needs to at least meet it.
Nonetheless, while there is a distinct risk profile, today is a good day.
Disc: happy holder :-), and not selling yet...