Kneat.com Inc KSIOF

possibleidiot01 math on relative valuation

[Possibleidiot01]

Do we have any accountants or math smart people out there to doublecheck and correct me?

So not an accountant

In 2020 , Kneat had $7.42 million in sales and 65.91 million shares.
In 2023, kneat had $24.4 million in sales and 77.8 million shares. I'm going to round up this year's sales to $32.6 million.

The stock was essentially the current  price for much of  2020.

Take share price  times shares outstanding ( $3.33)
2020 -$219.48 market cap
2023- $259.07 market cap now

Take $32.6 million in sales divide by $7.42 million which gives you 4.39
Take 77.8 million shares divide by 65.91 which gives you 1.18
Take 4.39 divide by 1.18 gives you 3.72

Valuation is 3.72 times better than in 2020

[Torontojay]

Hi Possibleidiot01. I looked under the community and noticed the word math, my favourite subject.  2020: p/s =~   $ 219.48/$7.42 =~ 29.579  2023: p/s =~    $ 259.07/ $32.6 =~ 7.9469  Divide 2020/2023 and we get 3.72 times better which confirms with your answer.  Now do the same with gross profit and see what you get :) 

[prophetoffactz]

There's also been a massive expansion of the addressible market: "But Sgro focused on management commentary in his report, pointing out that kneat has materially increased its estimated total addressable market (TAM) from US$600 million to US$2 billion, with the upgrade now including a larger set of regulated end markets in health care, chemicals and supply chain along with further