RE:Investor presentation on UGE websiteThe $83 million backlog at June 30, 2020, was in USD, so that's ~$110 CDN. Whereas the current backlog is about $136 CDN. So it increased by the $21.5 million deals it just signed in Maine, though I wouldn't be surprised if there are some smaller contract wins it hasn't press released.
Keep in mind that the $136 backlog is a NPV calculation, and actually represents more than $250 million CDN of revenue spread over 20+ years. The expected revenue from this business -- once operational in 24 months -- will be in the neighbourhood of $13 million CDN annually.
So the current market cap of ~$22 million CDN is less than 2x ONE YEAR of this high-margin annual revenue. With such excellent visibility, I would value UGE at $50-$60 million market cap, with plenty of blue sky beyond this as it continues to add contracts and move the current ones through the sales and development pipeline.
HLInvestor wrote: June 30th 2020, this company was at 83 million backlog- enterprise value of 11 million US, within only a short period of time has gained a staggering 53 million in additional contracts! That's roughly 64% value of the enterprise before hand- correlation to 7040000(64%) of 11 million- basically in my opinion this stock enterprise value should be 18 million(roughly) I believe currently it's at 14.5 million US- lots of room for play! This company keeps exceeding my expectations! Enjoy the read, stay safe and good luck!