DSK valuation, page-9

The prospectus listing price valued the company at a PE of 10 (more or less). Currently the enterprise value is around ~205m (mkt cap less ~30m cash). At a PE of 10, FY22 earnings are therefore expected by the market to be around $20m. FY21 guidance earnings are $28m. The way I see it, a significant drop in FY22 earnings is built into the current SP (~28% drop in NPAT expected which probably translates to around a 20% drop in revenue for FY22).
I for one can't see revenue dropping by that amount as I see no reason for customers who purchased during the lockdowns to stop now. There is still a lot of work from home going on and the economy is strong.
If FY22 can hold FY21 earnings, a PE of 10 would give a stock price in the mid $4s. That is where I think the SP will end up if the results are good with positive outlook.
It looks like we may have to wait till around August 20 to find out.