Hi Paners, i thought i'll do the exercise, even though there is...

Hi Paners, i thought i'll do the exercise, even though there is not enough historical data of actual positive EPS for PNA. Let me know if you want to use different EPS growth average over next 10 years & different P/E ratio.

Criteria used:
Current(last EPS)= 0.086c
EPS growth(various) = 15%,25%,30%,35%,40%,50%
P/E Ratio used = 25 (high P/E if high growth rate expected)
Required Rate of Return = 15%

EPS Growth = 15% (ave for next 10 years)
Intrinsic Value = 19c

EPS Growth = 25% (ave for next 10 years)
Intrinsic Value = 40c

EPS Growth = 30% (ave for next 10 years)
Intrinsic Value = 56c

EPS Growth = 35% (ave for next 10 years)
Intrinsic Value = 79c

EPS Growth = 40% (ave for next 10 years)
Intrinsic Value = 110c

EPS Growth = 50% (ave for next 10 years)
Intrinsic Value = 204c