Company valuation

Jeez the investors that purely look at a companies fundamentals must be totally confused by BRL's current market valuation.
Current market cap of about $170m AUD with a pending $90m NZD EBIDTA.
Even when we price in the 20% share dilution for the outstanding options you still get a market valuation of about $200m.
I see one of BRL's peers with a EBITDA of $45m AUD is trading at a market value of $225m AUD.
As I have previously said BRL's operational performance has been exceptional.
Now their financial performance is also looking exceptionally good as well.(minus one offs)
Lets hope, for SHers sake, the third and final part of the puzzle(management) can be looked upon somewhat more favorably.
I am fairly confident, rightly or wrongly, the RCPS decisions has put a lot of institutional investors off. Obviously the court case as well.
BRL's certainly out of favour with the markets but history tells us for many companies it is usually a good time to buy.
It would be interesting to see some well thought out figures of what others see the company valued at putting aside for the time being the court loss which although meaningful is really a one off cost.