yr2018_valuation, page-22

Ive been looking into typical EBIT for specialist manufacturing cos and it looks like 10% of revenue is more accurate and reasonably coservative for cfu considering lack of suitable competition to squeeze margins.

So 100,000 units per annum (273 units per day) revenue = $800M Then,
EBIT at 10%revenue = $80M and then,
Market cap at P/E ratio of 10:1 = $800M for a share price of 60c
And increased sales translates
100,000 units per annum = 60c by 2018
500,000 units per annum = $3 by 2022
1,000,000 units per annum = $6 by 2028

by 2022 HS dent predicts the next bull market and peaking of emerging technological cycle which may give rise to P/E ratios of 20:1 and therefore a possible share price of $6 by 2022.

Might want to half the above stated EBIT to 5% revenue for the Next ten years to allow for growth. And if cfu get some decent long term supply contracts sorted in the next twelve months plus some govt support for emissions related stuff there may not be major need to raise excessive cap?

I'm looking forward to some decent meaty announcements soon. Cheers