PTG vs. Nasdaq Peers
I did a quick back of the envelope comp with 5 US Nasdaq listed peers: CDW,CBR,BBOX,PLUS and DLTK
all sorts of sizes, PTG would be #2 in revenues of the 6. PTG definetely lags in the gross margins department.
checked EV vs EBITDA and Sales for last 12mo.
averages are :
EV: 10,70 X EBITDA
EV: 0,46 X SALES
for PTG I have ( annualizing last Q):
1.4 B sales
34m EBITDA
88m Debt
so taking HALF of the averages
1.4 B X 0,23 = 322m
34 m X 5,35 = 182m
blend it : 252 m EV
252 - 88 = 164
/ 167m shares post conversion:
VOILA ! 1 buck
Longer term if they keep growing and IF they increase their margins by gaining better mix in services vs. product, integration synergies, etc.... it could head towards 2 bucks.
Obviously would need to move off the Venture and into Toronto or much better yet Nasdaq. Not sure what the requirements would be for Nasdaq, will prolly need a reverse split, which I for one would be in favor of.