Century Petroleum Corp (CYPE)

[dragon52]

COder on the money bro'...

My basic calculations:

666M rev for 2018 based off of production capacity (and going rate of cement in Nigeria)... and not counting imports - because Ibeto does a lot of importing and I don't know the numbers there.
25 P/E Ratio (50% of the average PE for Cement companies)
Used current share count.
Estimated PPS comes to 61$

Estimated once the new production factories are built (2019/2020)

1.4b revenue based off of production capacity only.
25 P/E Ratio
Current share count.
Estimated PPS comes to 134$




I got all that data from these sources:
Using 1/2 the average P/E Ratio on http://www.moneycontrol.com/stocks/data-bank/standalone/cement-major/1/mkt-data/pe-ratio
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
https://www.pressreader.com/nigeria/thisday/20180602/282020442978379
https://corporatefinanceinstitute.com/resources/knowledge/valuation/price-earnings-ratio/