Average analyst projection is for 13% sales recovery in FY22 ($1,385m) and 16% in FY23 ($1,608m).
On top of that and more importantly they are forecasting EBITDA margin to improve from 11.65% this year to 19.7% in FY22 and 22.6% in FY23.
I think in tandem with the margin recovery most people would describe the above as a "strong" recovery and that's already baked into average expectations.
Only time will tell how much marketing spend ATM will need to incur to firstly stem market share losses and secondly build back to growth again but its very hard to turn a brand around and seldom cheap or quick.
If the Chinese Communist party keeps extoling the virtues of buying Chinese made the task ahead could be extremely challenging and one I wouldn't bet on with management's clearly displayed ineptitude. ATM's dependence on the Chinese market and the current hostile geopolitical situation are also front and central with my assessment of the challenges ATM faces and that's before we consider freight headwinds and antiquated inventory and reporting systems.
I have no axe to grind and no position either long or short...just calling it as I see it. To me with the downtrend still in place and challenging metrics and clear risks my dog's nose for a feed, (which is seldom wrong), says go chase rabbits elsewhere, this is too hard and slim pickings.