Monday, May 04, 2020 2:20:22 PM
Question? What logic did you use to derive that $25 Million number?
I'm not disagreeing with you, but I'm kind of curious if you can walk me through how you derived the $25 Million number for revenues or value? I did some reverse math to derive a similar valuation from their deal with County Executives of America (CEA):
The deal with CEA is with 700 counties of which will bring their technology to 350,000 assets. based on your math, each asset is going to generate a minimum of $71.43 (rounded) per asset per year. That would get you to the $25 Million in revenues which actually seems very doable. Then considering that the Outstanding Shares (OS) remains constant at its most recent update as of this past Friday, May 1, 2020 of 597,522,300 shares, we can derive the following valuation for IGEN... considering a 25% Net Profit Margin and a PE Ratio of 12, conservatively speaking:
https://www.otcmarkets.com/stock/IGEN/profile
$25,000,000 x .25 = $6,250,000 Net Income
$6,250,000 / 597,522,300 shares (OS) = .0104 EPS
.0104 EPS x 15 PE Ratio = .1248 IGEN Share Price Valuation Consideration
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
Recent IGEN News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 05:30:35 PM
- IGEN Achieves Milestones and provides updates on Key Initiatives • InvestorsHub NewsWire • 02/05/2024 11:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:07:43 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/11/2023 07:38:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2023 10:00:59 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/22/2023 05:26:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2023 04:48:47 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM