TSXV:ESTW.H - Post by User
Comment by
nozzpackon Jun 03, 2022 11:12am
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Post# 34729614
RE:Estimated Revenues in Q4
RE:Estimated Revenues in Q4So, based on Crew expansion forecast for 2022, EasTower should reach a revenue runrate of $9.5 million CAD beginning in October 2022.
Its difficult to find a perfect fit with EasTower from listed equities but averaging construction and technology I get a Price to Sales of about 4 times.
With an annual revenue runrate of $9.5 million cad beginning in October 2022, this would equate to a fair peer based value of about $38 million CAD which is about $.55 share price also in CAD.
Given the growth outlook for G and the fact that there is a big demand for skilled crews, I feel confident as does management, that they will have 4 crews trained by October .
So, this is a no brainer at these prices..