Friday, November 06, 2015 3:14:15 PM
For 2015: $87,000 sales. $60,000 cost of sales .
Gross profit 31% (ie 27,000 / 87,000)
$85 million over 5 years = $17 million / yr (avg)
$17 million x 0.31 = $5.27 million / yr gross profit
362 million shares outstanding.
$5.27 million per year gross profit / 362 million shares = 0.0145 / share gross profit.
Assume P/E of 20.
0.0145 x 20 = 0.29
Share Price = 0.29
Qualifiers: I took no discount for administrative and/or other expenses, but then I did not include any other sales.
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