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$IDEX NEWS - Ideanomics Signs $113M Procurement and

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dj4321 Member Level  Friday, 05/08/20 10:25:01 AM
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$IDEX NEWS - Ideanomics Signs $113M Procurement and Financing Agreement for 100,000 EV Buses


“We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share.”

Strong fundamentals and cheap valuation make a compelling investment case. We expect IDEX’s topline to climb from $39 million in CY20 (back-half ended) to $89 million in CY22. Gross margin will remain stable around ~95% while EBITDA margin is likely to expand from ~23% in CY20 to ~32% in CY22 as the company benefits from economies of scale. More importantly, IDEX will generate positive FCF starting this year and its RoE will reach 28% by CY22. We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share.

Source: Intro-Act Analyst Report April 20,2020

Copyright: Copyright 2019 Intro-act, LLC (Intro-act).

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