Originally Posted by
Left field
Perhaps ATM is looking 'toppy' at a market cap of $2.2 Bill (at SP $3.14) and a PE of 38 however its record is very impressive, sound management, great geographical spread, sound technology and still only just scratching the surface of the many products it could offer/licence (at a premium) e.g. flavoured milk, yoghurt, cheese, ice-cream, etc. Crikey, ATM is even offering the carrot of dividend payments in FY2018.
FY2013 Revenue $94.7 mill
FY2014 Revenue $110.8
FY2015 Revenue $155.1
FY2016 Revenue $352.8
First half FY2017 Revenue $256 mill so ATM may achieve $500 mill plus for the full FY2017.
I welcome other posters estimates of a fair value for ATM, but at the moment Mr Market would seem to be indicating a SP between $NZ 3:00 and $3:50 is achievable. Clearly we all await the next market update with interest.
Disc; DYOR. Holding and happy.