![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, December 17, 2019 6:47:23 PM
Using more or less your words, but comparing to this company:
BYND current Market Cap is 4.7B while VRUS is $42M. So their Market Cap is around 112X VRUS. But their Reveniue is 230M right now compared to the VRUS's conservative estimate of $59 Million. So their Revenue is 3.9 Times higher. So they have 120 X the market cap but just 3.9 times our revenue! Hmmm, something doesn't add up here. Either they are deeply overvalued or we are deeply undervalued or a combination of the two. Oh, but we could have sales at $100 million next year (no idea what BYND's are projected to be). But assuming BYND's growth goes to zero, that means their current sales are just 2.3X higher than our best case projected sales! And all this with a market cap 120 times higher. So everyone thinking we deserve to be trading at 25 cents next year, that would mean VRUS has a market cap of HALF A BILLION DOLLARS!!! That's ten times lower than BYND, while their sales would still be just 2.3 times VRUS. So maybe hold your horses on the low Price projections because based on others in the same industry they don't add up. Our Market Cap should be 4 times that half a Billion (10 times market cap of BYND Vs. VRUS divided 2.3 times BYND Revenue Vs. VRUS) if we use this logic. So in that scenario our Price should be around 1 dollar with the 2.3 B shares outstanding. Much better than previous projections, but for now I will keep 0.25 as my best estimate for 2020
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM