RE:RE:INCORRECT SHARE COUNTAssume Market Cap: $12,227,570.23
Based on 15,477,937 share outstanding at current closing price of $.79
Apply this against conservations Revenues and Net Income in 2021.
Say $20,000,000 in Revenue and $1,000,000 in Net income.
This would produce EPS at $.06/share
A Price:Sales Ratio of 0.61 (very attractive).
A Price: Earnings of 12.22 (I consider fair).
I take from this that the current share price is still undervalued, provied the pending buyback goes through in mid-October.
If I apply a more optimistic estimate for 2022
Say $25,000,000 in Revenue and $2,500,000 in Net income
This would produce EPS at $.16/share
A Price:Sales Ratio of 0.49
A Price: Earnings of 4.89 (great value)
This scenario I argue is even possible in 2021
If we go big in 2022
Say $35,000,000 in Revenue and $5,250,000 in Net income
(note $4.6M net Income was realized in 2018 so this is not all that far fetched.
This would produce EPS at $.34/share
A Price:Sales Ratio of 0.35
A Price: Earnings of 2.33
If the company were to acend to this next level of performance, the share price has plenty of room to run up into the $2.50 - $3.50 range before I would become concerned about it being overvalued.
What's my point in all of this? It sounds speculative, but I believe these is still plenty of room to run. This share buyback is going to absolutely have a significant impact of key metrics. If the company can keep without significant deby, grow earnings, the current price will seem like a total bargain two years out.