Century Petroleum Corp (CYPE)

[C0der]

CYPE PPS Calculations:

Deerock's PPS calculations are great, but missing E/P. Did some calculations myself...

And just to note - Ibeto also does importing of product, none of these calculations take in any consideration on revenue from importing as those numbers are currently not known. This is only based on production calculations and known price for products.


2018 Total Million Tons per year Cement production:

1.5 (Rivers plant)
2.2 (Enugu plant)
3.7M Total tons per year

$180.00 Potential revenue per ton USD
666M Revenue Projection 2018

*************************
After plants being built are in production:
1.5 (Rivers plant)
2.2 (Enugu plant)
2.2 (Ebonyi plant)
2.2 (Abia plant)

8.1 Million tons per year
1,458M Revenue Projection when completed


PPS Calculations based on data using PE ratio
2018
666,000,000 revenue
20 P/E Ratio
272,000,000 shares
2.45 (rev/shares)
48.97 PPS EST
13.3B marketcap EST

This calculation would put Ibeto Cement market cap right in the middle of where competition is in the industry.


2020?
1,158,000,000 revenue
20 P/E Ratio
272,000,000 shares
5.36 (rev/shares)
107.20 PPS EST
29.1B marketcap EST

This calculation would put Ibeto Cement market cap near the top of where competition is in the industry.


Notes:
AVERAGE PE ratio for the Cement industry is 50. I used the number 20, which is less than half the avg PE ratio. This is a low estimate.

Marketcap:
Competitors in the Cement Industry data:
30.2B Marketcap is the high
14.29B Marketcap is the avg
4.41B Marketcap is the low
2018 13.3B Marketcap would put Ibeto Cement right below the avg.
2020? 29.1B Marketcap would put Ibeto Cement near the top of where competition is today, but not over.

Information Sources:
P/E Ratio
http://www.moneycontrol.com/stocks/data-bank/standalone/cement-major/1/mkt-data/pe-ratio

Production Values
http://ibeto.com/IBETO-page.asp?P=24
http://www.financialnigeria.com/ibeto-cement-in-390-million-deal-with-chinese-firm-news-142.html
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html
https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html

Revenue per ton
https://www.pressreader.com/nigeria/thisday/20180602/282020442978379


All imo, and of course we need to see the revenues to know for certain.