Keep in mind Paolo's BarFresh Food Group estimates completely discount further growth in national accounts and intentionally low-balls revenue per location.
Paolo concludes his evaluation with:
"By the end of 2021, I conservatively estimate that Barfresh will be generating an annual earnings run rate of ~$21 million on the back of $67.5 million revenues, selling products to 3,000 schools out of 98,000, and 200 military bases out of 940. I see at least 400% upside between now and 2021 on only a mere 15X earnings multiple. This valuation would propel BRFH from a micro-cap to a small-cap stock, which would increase the stock’s visibility as it appears on more investors’ radars, which could potentially drive multiple expansion. Even after 2021, Barfresh would still be far from a mature company, so while this article only considers what could conservatively happen in the next 3 years, the growth story has much more track to run beyond 2021."
For those of you who missed this article, you can read it here: Barfresh Food Group: A Growth Investment Idea for Long-Term Micro Cap Investors
Recent BRFH News
- Barfresh Continues to Aggressively Add New Customers in the Education Channel • GlobeNewswire Inc. • 05/07/2024 12:30:00 PM
- Barfresh Announces Appointment of Marko Matla as Vice President of Supply Chain & Co-Manufacturing • GlobeNewswire Inc. • 05/01/2024 01:45:00 PM
- Barfresh to Host Business Update Call on May 15, 2024 • GlobeNewswire Inc. • 04/30/2024 08:05:00 PM
- Barfresh Highlights Many New Wins With its Smoothies in the Education Channel • GlobeNewswire Inc. • 04/26/2024 02:06:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:05:46 PM
- Barfresh Provides Fourth Quarter and Full Year 2023 Results and Business Update • GlobeNewswire Inc. • 02/29/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:05:30 PM
- Barfresh to Host Business Update Call on February 29, 2024 • GlobeNewswire Inc. • 02/15/2024 01:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 08:20:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/19/2024 09:05:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:10:52 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2023 08:57:22 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 08:05:20 PM
- Barfresh Provides Third Quarter 2023 Results and Business Update • GlobeNewswire Inc. • 10/26/2023 08:05:00 PM
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