TSXV:LBL.H - Post by User
Comment by
Actuarialon Jan 04, 2017 9:36am
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Post# 25665113
RE:RE:RE:RE:Great progress in 2016!!
RE:RE:RE:RE:Great progress in 2016!! Thanks Laroplex. I would be more optimistic about LBL s/p in long term. A comparable company Anika therapeutics market cap $732M revenue $105M PE ratio 21.50. LBL has a much better product AmnioVisc though it takes time to steal market share from Anika. Assume LBL reach $36M revenue target by 2019, then its market cap should be around $250M = $732/$105 * $36 => $3.5 S/P, or, EPS = 0.123 = ($36 * 35% - $4) / 70 => $2.5 S/P. Therefore, I would not be surprised to see LBL s/p be around $3 soon. In addition, LBL is ahead of planned growth; LBL is going to release more new products; LBL BioGel has hugh potential in the hugh personal med market. $10 per share is not going to be an unrealistic guess. GLTA