BOT 4.94% 38.5¢ botanix pharmaceuticals ltd

Can you quantify "cheap" for me please?I've said this before, a...

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    Can you quantify "cheap" for me please?

    I've said this before, a $600M MC company with a few sales, a FDA and a marketing plan seems pretty expensive. People use the term "cheap" and use their own wishful thinking as valuation.

    If we reverse engineer current valuation, on a 25xPE, would mean NPAT of $24M. Based on best estimates provided by analysts, this woud suggest that 850,000 prescriptions to be filled in the USA.

    I get that the market is forward looking, but its already valued at 2025/26 sales estimates.
 
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