Sino Agro Food Inc (fka SIAF)

[RealDutch]

It will take more than 7 years to reach 200 000MT and we will not have a 100% growrate.

It's always good to talk to an expert on this. However, the projections from The Swede (73,000 MT by 2020 and 212,000 MT by 2023) is not only realistic, but conservative as well. After all, the CEO was projecting 97,000 MT by 2019 and 135,000 MT one year later. But nobody believes that guy anyway

It will be around 12, which is a good improvment

No. It will be much higher. For the simple reason that an average annual growth rate of 66% over a 7-year period justifies a P/E much much higher than 12. Closer to 140. As per Benjamin Graham's model of intrinsic value. And you will still make a lot of money if you pay that price and the company executes according to plan.