Fixed costs 2018fy 4mil p/a rising to 5mil by 2020fy
Revenue 2018fy 3mil
Revenue 2019fy 6mil
Revenue 2020fy 8mil
Gross margin 95%
EBITA 2018 -(-1mil)
EBITA 2019 -1mil
EBITA 2020 -3mil
A company with such fat margins and high growth would be in my valuation of well in the range of 20 x ebita = 60mil in 3 years.
Given 3 year target 60mil
2017 - 6c (14mil mcap)
2018 - 15c (35mil mcap)
2019 - 20c (50mil mcap)
2020 - 24c ( 60mil mcap)
Of course risk on either side for revenue to well over or well under my wild assumptions . Also the SP that the market values will be foward looking at the growth rate at the time.
EVS Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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. Also the SP that the market values will be foward looking at the growth rate at the time.
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