All figures below are in USD.
CPH paid off its $1.7 million debt at October 30, 2020, according to its latest press release, facts below:
"As of September 30, 2020, the Company had cash of $4.7 million and $1.7 million drawn on the credit facility. The Company's credit facility has been paid off as at October 30, 2020."
So CPH generated free cash flow in October 2020 and also believes that it will continue to generate free cash flow during the remainder of Q4 2020 and 2021.
CPH would not use its cash of $4.7 million to pay off the debt of $1.7 million, if it was burning cash in Q4 2020 or if it expected to burn cash in 2021. Common sense.
So CPH is debt free with approximately $3 million in cash, as at October 30, 2020.
So Enterprise Value is about $16 million now at C$0.90.
Revenue and adjusted EBITDA in 2020 will be about $20 million and $11.5 million, respectively.
As a result, EV-to-2020 Revenue and EV-to-2020 adj. EBITDA are about 0.8 times and 1.3 times, respectively, at C$0.90.
Dirt-cheap.