Comparison of SHE to peer with very similar Profit Before Tax Normalized(PBTN) using last year Fundamentals.
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Triangle energy (Global) Ltd (TEG) and Stonehorse Energy (SHE) have the same 'TRBC sectors' and the same 'GICS industry group'.
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Definitions : PBTN= profit before tax normalized., EV = enterprise value
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- TEG Gross profit is 29% greater than SHE gross profit
- But if you look at its profit before tax normalized then it’s almost identical to SHE to within 6%. Normalized means that one off unusual profits are ignored, e.g. ignoreprofits from selling a oil well as this would distort the profit before tax.
- TEG has to spend (Cost of goods) 13.5 times more than SHE to make the same profit before tax normalized.
- TEG operating expenses are 76% more than that of SHE .
- TEG is valued at 24.8 million.
Since SHE and TEG are in the same industry and make a very similar profit before tax(PBTN) we can estimate SHE value as if it was valued in similar manner to TEG by the below steps :.
- Calculate TEG Enterprise value (in table below)
- Calculate the ratio of PBTN / EV for TEG (in table below).
- Using the ratio then apply the formula backwards to SHE, i.e. SHE EV = PBTN / Ratio
- Add SHE Cash back to EV to get MCAP.
- Divide Market cap by number of shares to get share price.
TEG SHE 1 EV= Market Cap-cash 17,333,000 ? 2 PBTN 5,543,000 5,167,000 3 Ratio=PBTN /EV 0.32 Ratio 4 EV= PBTN/Ratio 17,332,625 16,156,896 5 Estimate MCAP (Add cash bank in) 24,839,545 27,054,156 6 Number of Shares 1,380,000,000 684,446,000 7 Price Per share 0.018 0.04
Other companies in same sector have resulted in larger SHARE prices, but like to be conservative.
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0.8¢ |
Change
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Mkt cap ! $5.475M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 500001 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 652841 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 500001 | 0.008 |
8 | 5339838 | 0.007 |
3 | 1046743 | 0.006 |
2 | 1000000 | 0.005 |
2 | 1300000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 652841 | 1 |
0.010 | 1052011 | 4 |
0.011 | 20690 | 1 |
0.013 | 100000 | 1 |
0.014 | 111111 | 1 |
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