Number crunching on a napkin Here is more info regarding the defence industry in the US.
The numbers on the right uses the industry average (from the left) and compares that with the 2024 guidance (low end) put out by Kraken. The numbers on the left is the average across 70 companies throughout the US. Keep in mind that I've used the low end of the guidance range and Kraken has a history of beating its target.
2024 guidance
Ev to sales =~ 2.48 =~ $1.05
Ev to gross profit =~ 14.35 =~ $3.10
Ev to ebitda =~ 18.49 =~ $1.58
price to sales =~ 2.03 =~ $0.89
I would pay more attention to Ev to ebitda and Ev to gross profit which is telling me we could see another double or triple over the next year. Kraken doesn't have much debt either which is a big plus in the right industry at the right time.