dj4321 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).