GREY:XEBEQ - Post by User
Post by
tamaracktopon Aug 26, 2022 3:04pm
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Post# 34923262
So pathetic it's almost sad
So pathetic it's almost sadBearing in mind that Xebec and Greenlane have virtually the same number of shares outstanding ( 154.7m vs 151.1m ), consider the Haywood analyst's suggestion that GreenLane is a triple from here.
Here in a nutshell is his reasoning to arrive at a $2.40 target for Greenlane.
"By the numbers, Healey is calling for Greenlane to generate full 2022 revenue of $70.1 million compared to $55.4 million for 2021 and leading to $88.1 million for 2023. On EBITDA, he is forecasting negative $0.1 million for 2022 and moving to positive $4.6 million for 2023."
Haywood is looking for 27% revenue growth at Greenlane this year.
The consensus estimate for Xebec's 2022 revenues today is $194.71 million, representing
58 % revenue growth over 2021 numbers.
The consensus for Xebec's 2023 revenues is $278.3 million, and I suggest that's low.
There are 3 ways for companies to increase earnings.
Grow revenues, cut costs, or do both.
Many companies are struggling to generate revenue growth.
Xebec isn't one of them.
Consider this..., Excluding legacy costs, Xebec would only have had to cut costs by $3.4 million in the second quarter to be EBITDA neutral.
They've already cut quarterly expenses by $1.25 million with the recently announced, headcount reduction and the work-sharing program in Europe.
Xebec is so undervalued here it's actually a bit sad.