Post by
Torontojay on Aug 14, 2024 11:43am
10 times forward P/E
If we annualize the latest results using adjusted net income of $ 4017k and a weighted average 55,245,796 we get forward eps (excluding synergies) of $0.29 per share. In other words, $0.29 per share is too low an estimate for the next 12 months because of further synergies that have to be achieved. If you put a 15 times multiple on a very conservative estimate of $0.29 we get a share price of $4.35. This is very doable.