Sales of 27,000 units throws up a NPAT in my spread sheet of $4.6m.
51c/share would be a Price/Earnings ratio of 28 which is not overly optimistic for a growth company.
27,000 units/ annum is nothing in a market where players like Honda have annual sales of circa 20m units.
27,000 units is only scratching the surface of whats possible, when VMT own a factory with a capacity to produce circa 400,000 units and have accelerated the expansion of the distribution network.
Is 27,000 units a good guess ?
the 19,971 sold in 19 was up 84% on the 10,875 sold in 18
If we see that growth repeated then sales would be 36,750 which based on past performance could produce a profit of $6.75m which at a PE ratio of 28 would give a SP of 74 cents
whatever the result is it looks like being more than is needed to support the current price.
Upward momentum continues., page-16
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12.5¢ |
Change
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Mkt cap ! $52.27M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $7.8K | 61.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49672 | 11.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1759 | 1 |
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| Last trade - 15.22pm 06/09/2024 (20 minute delay) ? |
| VMT (ASX) Chart |