Interesting presentation especially when considering the Santalis valuation model when compared to the $TFC market cap
Slide 2
"TFS is the world’s leading Sandalwood plantation company and is listed on the Australian Securities Exchange (ASX:TFC) with a market capitalization of ~AUS$600M"
Slide 37
"BASED ON COMPARABLE VALUATIONS FOR COMPANIES AT THIS STAGE OF DEVELOPMENT, SANTALIS’ ATTRIBUTES WOULD SUGGEST A VALUATION IN THE US$300-$500M RANGE, WITH SIGNIFICANT UPSIDE UPON PROGRESS OF ITS CLINICAL TRIALS THROUGH PHASE 3 AND REGISTRATION STAGES"
US$300-$500M = AUS$402-$670M
Yes a very simplistic look, with many other considerations to be taken into account such as TFC debt and the milestone payments to the vendors of Santalis
Undervalued?
TFC Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
