RE:5i Research
what x4 sales, Market Cap or EV. Market cap is not representative, cause cash and debt are not considered. Now, what you mean by sales? Revenues or contract sales, and for which year, 2020, 2021, 2022??? EV/Sales, where sales are current contracts (37.7M backlog + 6.2M + 9.8M)= 3 which is around half of Xebec anyway you slice it. Xebec even if you are bullish and consider $100 M sales this year the ratio is still over 6