A comment fancypants mentioned re sales revenue has made me...

A comment fancypants mentioned re sales revenue has made me question the actual figure re earnings versus shareprice .

Heres is the simplest example I found not taking into account many other factors , eg future projected earnings
and capital funding etc.

A company with earnings of $84k and has 400k shares on issue.

84k/400k = share value of .21c

So using that example

130M /13B shares on issue = .01c

So based on earnings MST would require 130M of profit to obtain a SP of .01c .

Therefore a profit of 1.3B for SP of .10c.

If those figures are not generally about right I would be interested as to the correct formula for calculating a share price/value.