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Wanted Technologies Corporation V.WAN



TSXV:WAN - Post by User

Post by smallcaploveron Aug 13, 2013 5:30pm
324 Views
Post# 21667628

valuation

valuation
Here's how I look at it.  WAN is worth about 3-4x forward EV/Sales.  Given we don't have any reliable estimates, I'm going to use 5x the last quarter annualized.  At 1.8MM in sales in Q3, that's $7.2M in a year, that's an EV of $36M. They have $2,7M in cash and about 200k in lt debt so the net debt is negative, and the market cap should be $38.5M.  With 24.1M shares out f.d., that makes this stock worth ~$1.60. Boom.
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