Capstone Companies Inc (CAPC)

[StockpickerCAPC]

Quote by Stewart Wallach from the Transcript from the webcast - Smart Mirror Update.

sources
https://sec.report/Document/0001575705-21-000538/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165494215

To help mitigate the supply chain bottlenecks going forward, we have placed component order as well in advance, which will enable us to produce an estimated 3,000 mirrors in Q3. Depending on the customer demand in the weeks ahead, we are prepared to further commit to long lead time components for an additional 2,000 mirrors for Q4 production.

This means that CAPC will sell a maximum of 5000 smart mirrors, if at all, in 2021.

My sales sample invoices:
Smart Mirror - Standard $ 699
Smart Mirror - Wardrobe/Fitness $ 899
Smart Mirror - Circular mirror Coming in 2022 $ ??
Smart Mirror - Rectangular Mirror Coming in 2022 $ ??

The average retail value per mirror variant sold and available in 2021 is $ 800.

- 5000 mirrors sold correspond to a sales volume of only 4 million dollars.
With this annual turnover and a 5-fold valuation of the company on the stock exchange, the market capitalization reaches 20 million dollars.
With this annual turnover and a 10-fold valuation of the company on the stock exchange, the market capitalization reaches 40 million dollars.

Shares Outstanding 49.543.031 as of May 30, 2021
- A market capitalization of $ 20 million equates to a price per share of $ 0.403689.

- A market capitalization of $ 40 million equates to a price per share of $ 0.8073789.

ONLY the hope of a very successful sales year 2022 would justify a higher price per share.

My calculations
were made on the basis of the maximum achievable sales volume of 5000 smart mirrors in 2021.
Therefore, I have excluded the sales of the closed LED division from the 1st and 2nd quarter of 2021 from the calculations.