GREY:XEBEQ - Post by User
Comment by
Th3mtlon Feb 13, 2020 10:46pm
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Post# 30689107
RE:RE:Another New Price Target and new Coverage I Believe
RE:RE:Another New Price Target and new Coverage I BelieveThis target seems conservative however he states that renewable natural gas, is poised for explosive growth over the foreseeable future but he seems to use the average past ratios to get his target. It seems like he simply used the something like the average 3y CAGR around 71% combined with the 13% ebitda ratio from Xebec investor presentation to get his target 20M Ebitda. Revenue 90M for 2019 X 1.71 is 153.9M. 13% Ebitda is 20M per share gives 0.25 with 18x2021 Ebitda as stated in the article it gives 4.50$. He do not even talk about hydrogen which I believe will be bigger than RNG and for which growth should accelerate! I think 4.50$ is a conservative target.