RE:RE:Hives proper market cap is 150 million. I would love for it to hit that price, because on 150 million of revenue its price earnings would be somehow greater than its actual share price. Which is just crazy....find me another company in the world where that exists.
The standard multiple for evaluation and really lets be honest we don't know what it is for cryptominers because the business model is so new it hasn't really been established yet, but lets say 10 meaning 10 times price earnings is equivalent share price...lets see some napkin math here:
300,000,000 miliion shares with 150,000,000 in revenue.
isn't price earnings, lets deduct expenses. Last quarter they had 3 million, so lets say about the same per building per quarter. So next quarter we could expect 9 million more, followed by another 9 million in expenses. 21 million in expenses approx. All approx.
150 - 21 = 129 million
129 million divided by 300 million shares is 43 cents price earnings.
On a x 10 multiple 4.30
but is a x 10 multiple a valid way to establish value....that only takes into account the value of the mining operation itself, what about the value of the coins, if the market turns around or moves to P.o.s. from P.O.W. then the coins will jump in value because only people who have them can make more and supply will become more constrained. Anywhoo...
x15 = 6.45
x20 = 8.6 etc....