MC of a company is based on future value of a company not current value. That's why company MCs go down on good results that don't meet market expectations (see Apple).
Two reasons why current market cap it is where it is:
1. Current water technology companies are acquired at 10-18x revenue multiple and there is $15m+ in current near term (12-18 months) pipeline
2. Water-as-a-Service model can deliver $1m in recurring revenue (with a 10 year contract) per 4-5 installations. In the same way Annual Recurring Revenue is highly valued for tech companies (see Xero, Salesforce etc) it is highly valuable here
Upside is China which probably gives you your 30% premium.
Anyway, there you go
Big China Deal, page-38
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $198 | 1.648K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 206652 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 57989 | 1 |
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| Last trade - 10.02am 11/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |