ATM - A2 Milk Corporation Limited

[Beagle]

It will be a real tragedy if ATM is re-rated from it's current PE (~33 not accounting for the pile of cash and Synlait shares) down to those of a boring company like Nestle (PE ratio 31).

Market is always forward looking and forward PE's is 23.6 https://www.marketscreener.com/NESTL...34/financials/
and Danone's is 18.0 https://www.marketscreener.com/DANON...de&mots=Danone
ATM is currently 28.8 https://www.marketscreener.com/A2-MI...apide&mots=ATM

[couta1]

Market is always forward looking and forward PE's is 23.6 https://www.marketscreener.com/NESTL...34/financials/
and Danone's is 18.0 https://www.marketscreener.com/DANON...de&mots=Danone
ATM is currently 28.8 https://www.marketscreener.com/A2-MI...apide&mots=ATM

Lol I'm really looking forward to when we are on a PE of 18 and a sp of around $130NZ like Danone.

[silu]

Lol I'm really looking forward to when we are on a PE of 18 and a sp of around $130NZ like Danone.

Is that the day when we see your appearance on the NBR Rich List?

[couta1]

Is that the day when we see your appearance on the NBR Rich List?

Haha I doubt it knowing some of the names on that list, I wonder who is the poorest on the list and what their net worth is?

[Beagle]

Lol I'm really looking forward to when we are on a PE of 18 and a sp of around $130NZ like Danone.

You might have to wait just a "little" while mate. Danone is a 100 year old company. https://en.wikipedia.org/wiki/Danone
I go back to my kennel now, I only posted to correct the significant inaccuracy in the PE quoted by another poster.

[couta1]

You might have to wait just a "little" while mate. Danone is a 100 year old company. https://en.wikipedia.org/wiki/Danone

I see Danone have a stake in Synlait indirectly through their 5% ownership of Bright Dairy.

[mfd]

Market is always forward looking and forward PE's is 23.6 https://www.marketscreener.com/NESTL...34/financials/
and Danone's is 18.0 https://www.marketscreener.com/DANON...de&mots=Danone
ATM is currently 28.8 https://www.marketscreener.com/A2-MI...apide&mots=ATM

My source has rather different stats for nestle than yours - current PE ratio on 33 according to Bloomberg Vs your link's 24.5.

https://www.bloomberg.com/quote/NESN:SW

Sadly I don't have time to dig into the discrepancy just now, suffice to say the figure of 33 seems to be widely reported

[Beagle]

Maybe they are quoting last year's historic PE ?

[winner69]

Just agreeing with myself

[winner69]

Comparing PEs for A2 and Nestles is stupid and a meaningless exercise
Completely different business

One sells milk ...the other sells things from milk to lollies and chocolates to drinks to pet food (andother thinfs)

Once A2 into pet food maybe a reasonable exercise