Yes, great summary and I agree with the conversion rates you applied. If Droneshiled can achieve 100 million this FY, then that will 81% YoY Growth.
We know there is an order book of 28 million, which I assume will be included in either of the Q3/Q4 numbers and H1 number is 24.1 million. This takes us to 52 million for the current FY.
So there is a gap of 48 million. I'm confident it can be achieved through the analysis we provided, however its now up to Droneshield to execute on it.
To answer your question:
- If you assume a P/E ratio of 10, then to support the current MC, earnings need to be around 100 million
- P/E ratio of 20 will be 54 million in sales.
Those who just assume a P/E ratio of x1, imo are being unfair as there are stocks that work on future projected earnings with P/E ratios 30+.
To calculate the above I went Market Cap Divided by P/E Ratio, which gave me the sales number. Hope that formula was correct?
Ann: 2Q24 Results Call, page-62
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