You are making assumptions about the PE. (where I made none, I just derived the PE from current numbers.).
I don’t do assumptions and predictions. Just the math.
Since the textiles part is going from essentially zero this year, and 3 products to whatever it is in 4 or 5 years, anticipation of this growth, and desire to get in front of it will keep multiples high until it settles into the size it will be, at which point normal PE ratios for the sector can be anticipated.
But before all that, ginormous escrow release on 31 March 2021, many times the size of the IPO. Brace for it.
