I think the question we should all ask it “what is our sales to market cap ratio we deem appropriate for a +50% growing company?”
im guessing about 3x.
so at USD$40m that’s about A$58m. At 3x that’s A$174m market cap. Therefore there is a 67% upside to our current price and a fair price at 60cents per share.
the next question I would ask is if you hold this for 5 years and they grow at 40% CAGR, what is the price in 5 years from now? I’m guessing we will be at about $3.2 at that run rate with no more market cap raises.
Ann: Appendix 4C & Quarterly Activity Report - 31 December 2023, page-14
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $62.81M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $21.35K | 97.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 5000 | 1 |
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| Last trade - 15.27pm 02/10/2024 (20 minute delay) ? |
| NXS (ASX) Chart |