AVA fundamental valuation

Since there is an AVA chart thread that routinely receives non TA comments I feel it's necessary I make a FA thread.

ive only used non IMoD revenue under the assumption that it is a once off.

ive calculated that based on 21Q2 quarter and an assumption of nil growth across services and technology a forward EV/EBITDA multiple of about 12x.

when I factored in the likely growth of services revenue growing(my best guestimate) at half the rate it did from 20Q2 to 21Q2, that is 22Q2 revenue will be about 15M

and technology non IMoD revenue growth, again my best guesstimate, from 3.9m in 21q2 to 5.5m in 22q2( I anticipate Aura IQ to slowly lift off).

i worked out a forward EV/EBITDA multiple of 9.8x.

a multiple of 10x or less is generally considered a good value.

plus possible dividends. Imo this current SP headwind will pass.