Based on these facts I forecast a maximum of 5% YoY revenue growth for BFL to record a revenue of LKR3,525 mn for FY 2015/16. Assuming the current margins to continue they will report NPAT around LKR515mn for the year which translates to a forward EPS of Rs32.2. At current price of 230 the share is trading at a PE of 7.1x. If we value the share at a PE of 10x then the share could value about Rs322. So still lot of room for appreciation.
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