Sales of 27,000 units throws up a NPAT in my spread sheet of $4.6m.
51c/share would be a Price/Earnings ratio of 28 which is not overly optimistic for a growth company.
27,000 units/ annum is nothing in a market where players like Honda have annual sales of circa 20m units.
27,000 units is only scratching the surface of whats possible, when VMT own a factory with a capacity to produce circa 400,000 units and have accelerated the expansion of the distribution network.
Is 27,000 units a good guess ?
the 19,971 sold in 19 was up 84% on the 10,875 sold in 18
If we see that growth repeated then sales would be 36,750 which based on past performance could produce a profit of $6.75m which at a PE ratio of 28 would give a SP of 74 cents
whatever the result is it looks like being more than is needed to support the current price.
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3 | 24500 | 0.100 |
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Price($) | Vol. | No. |
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