Napkin Valuation EstimateHere is my stab, comment as you want.
Assume $5/pack net cash flow, 11,600 distribution locations each selling one pack a day. Yearly sales about 4 million packs equals $20MM FFO.
Tobacco companies (Phillip Morris, Reynolds, Altria) trade at 20x cash flow.
So would equate to a TAAT EV of about $400 MM or $5.85 USD per share or $7.95 CAD per share.
Again, just a pie in the sky estimate, lots of assumptions here, let me know your thoughts?!!
At any case, EV of TAAT should be many times higher than current price once the product is officially launched!!!