On4 Communications Inc (ONCI)

[DewmBoom]

$ONCI: Forward Price to Earning (P/E) Analysis

Q4 FY2018 Net Income: $616,000 (used annual and Q3 to figure this out)

FY2019 Earning Based on Q4 FY2018: 2.2 million dollars (conservative estimate using Q4 of FY2018)

OS: 3 Billion Shares After 1.4 Billions in CEO Reduction

Based on the above, let's assume a conservative P/E of 20, for a growth company like ONCI. Using a P/E of 20, the market value will be at 44 million dollars.

Using a market value of 44 millions and OS of 3 billions, this will put the share price at 0.015

Use your own DD to realize how cheap the stock price is right now. I assumed Q4 net income to project the entire FY2019, and this way too conservative.

Think About It