Home > Boards > Free Zone > User's Groups > SMALL CAP GOODIES

$IDEX NEWS - Ideanomics Signs $113M Procurement and

Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
dj4321 Member Profile
Member Level 
Followed By 22
Posts 2,304
Boards Moderated 1
Alias Born 05/17/09
160x600 placeholder
Treasury Yields Touch Multi-month Highs
U.S. government bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package.
U.S. Stocks Lower As Stimulus Talks Continue
T-Mobile Starts VC Fund for 5G
Europe's Antitrust Push Against Google Hasn't Dented Its Heft. Can the U.S.?
AT&T On Pace for 10-Day Losing Streak -- Data Talk
Judge in Google Lawsuit Presided Over Major Antitrust Case
HSBC to Cut Up to 300 UK Commercial Banking Jobs -Reuters
Nestle's Organic Sales Growth Beat Consensus -- Earnings Review
Top Company News of the Day
Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin
U.S. Stocks Climb Amid Stimulus Hopes, Earnings
Thermo Fisher Scientific Expects 2020 Revenue to Grow 20%
Form 8.3 - Willis Towers Watson Plc.
Why People Are Still Obsessed With 'Candy Crush Saga' -- Journal Report
Housing Starts and Existing Home Sales Seen Rising -- Data Week Ahead
Open-Source Startup Anyscale Raises $40 Million in Series B Funding Round
HSBC Hires Former Credit Suisse Deal Maker for Vice-Chair Role -- Financial News
Ørsted To Present First Nine Months Results On 28 October
Cogeco Communications to Acquire DERYtelecom for C$405 Million
U.S. Stocks Waver Amid Stimulus Hopes, Earnings
Verizon Holds Its Ground Ahead of iPhone 12 Release -- Update
Andritz Gets Refurbishment Contract From Canada's Hydro-Quebec
Nestlé Toughs It Out in the Kitchen
No Revenue, No Problem: Wall Street Rushes Into Electric Car and Truck Startups
dj4321 Member Level  Friday, 05/08/20 10:25:01 AM
Re: None
Post # of 16028 

$IDEX NEWS - Ideanomics Signs $113M Procurement and Financing Agreement for 100,000 EV Buses


https://investors.ideanomics.com/2020-05-07-Ideanomics-MEG-Signs-Agreement-with-Beijing-Xenning-Green-for-EV-Procurement-and-Financing



“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).


Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences