Interesting one to measure againstBelow, is an interesting one to "
measure" against, instead of the @100$/share target by (now) year's end of Unclewrong based solely on his wishful thinking and no delivery dates of some markets (like tunnelling (nothing for this year as per Peter) and fumed silica (2y away as per Bernard Tourillon and Peter)).
For sure, despite what bashers and shorts want you to believe that we're going nowhere, PYR share price will grow. We all know that. Fair to assess in the 15-25$ once we land iron pellitization contracts or take into the account the conservative 6-month 65M$ traget of Peter (which has the potential to be closer to 110M$+ given the recent inputs).
Data at May 01. Before Lion Electric (LEV started trading). It now trades
@23$CAN, with
188M TSO and
4.4B$ market valuation, from its 3.8B$ IPO target.
2020 revenues of 29M$
2021E revenues of 204M$ 2022E revenues of 661M$
2023E revenues of 1672M$
2024E revenues of 3625M$
Lion Electric May Be More Attractively Valued Than Other SPAC Electric Vehicle Companies | the deep dive Lion Electric’s Lofty Financial Projections — Perhaps More Realistic than Other SPAC EVs
Upon merger completion, Lion should have net cash of about US$443 million, based on US$494 million of cash less debt of US$51 million. Consolidated shares outstanding are expected to be about 195 million, and factoring in NGA’s current share price of US$18.46, Lion’s stock market capitalization and enterprise value are approximately US$3.6 billion and US$3.16 billion, respectively.
Lion projects that it will sell 2,475 electric vehicles (trucks and buses combined) in 2022 and 18,400 units in 2024. If it does so, it could generate about US$700 million and US$300 million of EBITDA and free cash flow, respectively, in 2024. If those projections are realized, Lion is currently trading at an enterprise value-to-2024E EBITDA ratio of just 4.5x.