EOS passed $5 Threshold, page-12

If you want to get excited let’s think about what the market cap could be at $900m in sales, which is what management are looking ahead too - yes that’s a while away.

$900m in sales @ EBIT of say 15%, which is higher than what they’re doing now but assumes growth in space which is expected to be higher margin

That gives $135m in EBIT. Less tax and no interest as there is no debt gives NPAT of $94.1m

Divide by shares on issue of 96.1m (I haven’t accounted for options as this is rough and that is relatively immaterial)

That gives EPS of $0.983. That’s almost a dollar per share of earnings.

Let’s take a below market PE multiple of 14x, which is conservative given the growth and that gives me a share price of $13.77. Yes, a multi-bagger folks but I think it will be taken over long before then

Use 16x or 17x and you do the maths. While this is rough it does show you that this remains cheap and has a long runway of capital growth ahead. GLTAH