Sino Agro Food Inc (fka SIAF)

[RealDutch]

It's complicated. But I can simplify things a bit. I don't know about this year relative to last year but I will settle for 30% earnings growth.

Let's look at the future though.

One standard sized APM can make $150,000 net. (I simply use 60MT multiplied by a conservative $3 for prawns = $180,000 gross).

It will be roughly the same for any other species they grow because if it were much lower they'd be growing prawns only.

One building has 48 standard sized APM's. That's $7.2M per annum. Multiplied by 36.6% ownership gives us $2.6M. So for every building they construct, earnings will go up by $2.6M. Or roughly a dime per share.

They have 18 buildings planned, let's say for the next 5 years conservatively. So the gain is roughly $2/share over a 5-year period.

We are close to EPS $3 now.
3 * Growth ^ 5 = 5
Then annual average EPS growth rate = 10.7% from aquaculture.