I think the question we should all ask it “what is our sales to market cap ratio we deem appropriate for a +50% growing company?”
im guessing about 3x.
so at USD$40m that’s about A$58m. At 3x that’s A$174m market cap. Therefore there is a 67% upside to our current price and a fair price at 60cents per share.
the next question I would ask is if you hold this for 5 years and they grow at 40% CAGR, what is the price in 5 years from now? I’m guessing we will be at about $3.2 at that run rate with no more market cap raises.
Ann: Appendix 4C & Quarterly Activity Report - 31 December 2023, page-14
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Last
25.0¢ |
Change
-0.013(4.76%) |
Mkt cap ! $72.92M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 25.0¢ | $18.39K | 70.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20530 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 45500 | 2 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
-0.013 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 26.0¢ | 21249 | ||
| Last updated 15.08pm 14/06/2024 ? | |||||
| NXS (ASX) Chart |