So based on having approx 1.3 billion shares on issue with a forecast revenue for 2021 of $150,000,000 and using an EBIT of 20 X means that AB1's share price presently should be around $2.30
Following on from this then AB1's current Market Cap is $3 billion dollars right now!
In my 40 + years of investing I would realistically expect "a first in market new age stock" like AB1 to trade at an EBIT of around 50 X meaning that AB1's share price could be around $5.75 if we were Listed right now!
This would then translate to AB1 having Market Cap of $7,475,000,000! (thought I would put all the naughts in lol)
Primary Market $1.50 is still very cheap imo.
I stand to be corrected if any one else wants to check my calculations.
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held