Avid Bioservices Inc (CDMO)

[jakedogman1]

Avid Value Calc


Current FY
Avid sales $40,000,000
Cost of manuf* $20,716,353
Gross profit $19,283,647

Avid sg&a $6,732,667

EBITDA $12,550,981

Multiple 11

Avid Value $138,060,789

Sales per cc

Sg&a calculated by taking non cash stock based comp out of Sg&a on annualized basis and assigning 50% to avid

Rev does not include manf rev from pphm which would add value..

Multiple of 11 is imo conservative given the degree of difficulty and does not include growth

alternative is 4 to 5 times sales which would get higher value

bottom line is avid worth much more than current mc

how do we unlock the value? ..... the window for proxy additions is closing fast...