For the past few days of falls created some panic that many forgotten the very reason why they invested in ATS in the first place. It's because ATS is the most under-valued and highest growth potential with real glove factory that is about the start production that is the first among the rest of new glove makers. In fact, their prod line and conveyor system already in trial run at this moment. This fundamental remain the same, unchanged.
Calculation below base on the 1st Single Former Prod Line scheduled to start production in early December. It has a potential growth of between RM0.365 (102%) at PE10 to RM1.095 (508%) at PE30.
Which other glove makers projected at such growth potential in December?
1st Prod Line Projection ONLY
Given
1) Prod Capacity = 9.9mil gloves / month
2) Glove ASP = USD90/k
3) Shares = 4,032mil shares
Assume :
3) Production Occupancy = 75% capacity
4) Exchange Rate USD/RM = 4.10
5) Profit Margin = RM26.445
6) Corporate Tax = 25%
Therefore
Profit Before Tax = 9.9 x 0.75 x 26.445 = RM196.354 mil
Profit After Tax = (1-t%) PBT = 0.75 x RM196.3548mil = RM147.265 mil
EPS = 147.265 mil / 4,032 mil shares = 0.0365 sen
ATS (0072) Projected Price
PE 10 = RM0.365
PE 20 = RM0.730
PE 30 = RM1.095
Benchmark :
Carepls PE = 17.5X
Comfort PE = 26.7X
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Shall be:
Profit Before Tax = 9.9 x 0.75 x 26.445 (per '000 gloves) X 12 mths = RM2.36 mil
Profit After Tax = (1-t%) PBT = 0.75 x RM2.36mil = RM1.77 mil
EPS = 1.77 mil / 4,032 mil shares = 0.000439
ATS (0072) Projected Price
PE 10 = RM0.00439
PE 20 = RM0.00878
PE 30 = RM0.0131
2020-11-25 09:24
I got your suggestion 0.35, i with u to hold it tight tight
Posted by VenFx > Nov 25, 2020 7:24 AM | Report Abuse
P.p. only ask for 0.1333 wor !
2020-11-25 09:27
What math is this?
20,000/hr x 24 hours x 365days = 175,200,000pcs
175,200,000 pcs / 1,000 x USD 90 x MYR4.4 = RM69,379,200 (SALES only, not profit)
So how did he get 196m profit from 1 line?
2020-11-26 08:33
oh ya oh ya, super duper undervalued. so? limit up few times until 4.00 above like GETS, or EURO?
2020-11-26 21:20
Bemillion
Tq noted
2020-11-24 16:56