Has anyone had a go at trying to guess a full year pre-tax profit for ATP? and a pre-tax p-e ratio?
assuming there are 428m shares , at 13c that Ives ATP a market cap of $56m
Last years revenue was ~ $26m
Lets assume that for the rest of this year the price of pearls stays stable at $102/Pearl and that in the next 7 months ATP processes and sells enough pearls to bring it up to the 2023 figure, that means the total revenue for 2024 year may be $60m.
Last year the cost of goods sold was $11m and admin and other costs were $7m. let's assume the same for 2024. That means the pre-tax profit for 2024 may be $60m - $18m = $42m
that works out to a pre-tax p/e of 1.3333
That's cheap, hey?
…
Is there anything glaringly wrong with this analysis?
It works as long as there are no extra costs attached to pearls selling for a huge price versus a cheap price. for instance, you wouldn’t want the auctioneer charging his commission by a percentage of total sales….like real estate agents.
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