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ReGen III Corp. V.GIII

Alternate Symbol(s):  ISRJF

ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high-margin base oil used in the formulation of performance synthetic grade motor oils. The Company is also focused on developing its brownfield re-refinery in Texas City, Texas (Texas Facility). Its projects include Texas and Alberta. It is also engaged in Koch Project Solutions, LLC (KPS) to provide project execution management services up to turnkey delivery of the proposed Texas Facility. The Company is focused on building or enhancing UMO re-refineries and licensing its intellectual property to third parties around the world. Its first ReGen facility is in the site selection and negotiation phase in the United States Gulf Coast.


TSXV:GIII - Post by User

Comment by lscfaon Jun 20, 2022 10:43am
78 Views
Post# 34768695

RE:RE:insanely attractive project level economics

RE:RE:insanely attractive project level economicsAlternative valuation method......

 

 

Old capex

New capex

Capex

175

293

75% Debt

131

220

25% equity

44

73

ebitda

200

230

12% debt Interest

16

26

5% depn

8.75

14.65

ebt

176

189

Co’s JV share

50.0%

40.0%

Co project ebt

88

76

Co. cash exp

-10

-10

Co. ebt

78

66

30% Income tax

23

20

Net income 

54

46

Diluted shs

124

124

eps

$0.63

$0.53

Multiple

20

20

Sh value $US

$12.54

$10.58

fx rate

1.25

1.25

Sh value $cdn

$13.79

$11.83

 




lscfa wrote:

assume increased capex requires co. to give up more share to JV partner who supplies the funding. Co. is still very undervalued.   

 

 

 

Old capex

New capex

ebitda

200.0

230.0

Co’s JV share

50.0%

40.0%

Co’s project ebitda

100.0

92.0

Co. cash exp

-10

-10

Co. ebitda

90.0

82.0

Diluted shs

122

122

ebitda/sh

$0.74

$0.67

Multiple

12

12

Sh value $US

$8.85

$8.07

fx rate

1.25

1.25

Sh value $cdn

$10.10

$9.32

 



 

lupusalpha wrote: CAPEX: 293m USD

EBITDA: 230m USD per year

 

 

 



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