OTCPK:IVWFF - Post by User
Comment by
hodgigreon Jan 15, 2004 8:31pm
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Post# 6901375
RE: JaguarJohnny - IVW rundown
RE: JaguarJohnny - IVW rundownA couple more points.
Projected revenues and costs are used in my TBR model arrive and the lump sum NPV. I don't have that model for IVW, so I just assume the company calculated the NPV using their revenue and cost projections. The net result of a DCF is a lump sum number any way you cut it.
I understand however, that EPS can also be used to assign a value. Incidentally, my bare bones TBR model, based upon conservative and outdated PFS numbers (they are even better now) deliver annual gross revenues of 75 million, operating costs of 26 million, and royalties of almost 5 million, for annual earnings of ~44 million, or $1.10 per share. Applying your EPS multiple of 15 gets me to $16.50. I'll tie up $2.40 per share for 2 or 3 years to realize that price.
Best of luck to all.
Greg