Australian Dairy Company, changing to produce organic infant formula as nnounced yesterday
Current share price: 23c
Market Cap: $55m
Total shares on issue: 242m
Total options: performance options of 10m @29c
Cash: $5m
Debt: $10m
A2M, BAL, are in multi-billion dollar category as they are producing nice profit.
BUB & WHA, over $300m for early players but with limit revenue.
JAT, 51% Golden Koala infant formula, its market cap fetched $150m today, on a 100% basis, is valued at $294m for an infant formula with annual revenue of around $2m.
AHF, market cap is around $55m, has farm, cow and facility & land.
BUB, WHA and JAT, are given high valuation, on a 100% basis, well above $250m.
AHF, still at early stage, but low market cap provides some opportunities for high risk takers,imo.