13 Aug 2019
NPAT:
FY19E = $21,600,000 (13% growth on FY18)
FY18 = $19,180,000 (4% growth on FY17)
Optimistically hoping that IRI can maintain double digit growth warranting PE = 20x
Market cap = $432M based on FY19NPAT.
Shares on issue (fully diluted) = 172.7M
Share price = $2.50