PAA 2.56% 20.0¢ pharmaust limited

Just curious where you're getting the 500 mil market cap...

  1. 199 Posts.
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    Just curious where you're getting the 500 mil market cap calculation from? With negligible (compared to $200m) operating costs, that would assume PAA is valued at only 2.5x revenue- remember 18 years of IP rights. 200 mil per year would mean that Elanco would be making $2 billion in profit per year with 10% payed in royalty, which seems highly unlikely (in the short-medium term) imo. Even a fraction of that would demand a high market cap. Am I on the wrong track here?
 
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