CBR 0.00% 13.5¢ carbon revolution limited

400m market cap today. 62m in FY20 sales and 23,000 wheels sold,...

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    400m market cap today.

    62m in FY20 sales and 23,000 wheels sold, growing wheel sales and revenue by 250%-300% odd.

    Most pleasing is they reduced selling and administrative costs by 54% which implies the wheels are "selling themselves" and lowered the manufacturing costs per wheel by 35%.

    If you don't like this business at 6.5 x sales, you certainly won't like it at 10 x sales which is where it is going shortly.

    Forward Price to Sales implies around 1-2 x sales right now.


 
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