Metal Arts Company (MTRT)

[Capitalvaluetrade]

MTRT MEDIUM Operating Net Profit Leads Higher Valuation

Potential Historical Valuation Based on 2021 Revenue and Profit of MEDIUM

MEDIUM has a possible EPS (Earnings Per Share) based on potential of the P/E (Price-to-Earnings) Ratio

See Article from July: https://themedium.io/bbs/board.php?bo_table=media&wr_id=158
English Translated

Based on the audit report of Daejoo Accounting Corporation, an external auditing institution, Medium, a company specializing in blockchain

The results of the first half of 2021 were announced on the 19th.

We will focus all our capabilities to achieve 40 billion won in sales and 20 billion won in operating profit by 2022.”

https://www.donga.com/news/article/all/20210719/108028287/2

Medium, a blockchain specialist, announces first half of 2021 earnings

Medium, a blockchain company, announced its first half of 2021 performance on the 19th based on the audit report of Daejoo Accounting Firm, an external auditing institution.

According to the audit report, the performance in the first half of 2021 is 6.2 billion won in sales and 3 billion won in operating profit. According to Medium, the operating profit margin was 48% and the net profit margin was 39%.

The background of this performance was analyzed based on the delivery performance in the public sector and virtual asset business areas, such as the technical delivery of the Korea Expressway Corporation's mutual trust settlement system construction task and the selection of the Korea Minting and Investment Corporation's block chain core test bed environment implementation organization.

CEO Panjong Kim said, “Until 2020, we have been persistently focusing on R&D, and we were able to break free from capital erosion 100% with 2021 as the first year of sales. From the second half of this year, Medium is aiming for 200% annual growth through advancing into the US market and launching a blockchain platform and linked service. “He said of his future plans.

EPS (Earnings Per Share)
https://www.investopedia.com/terms/e/eps.asp
Formula and Calculation for EPS

Earnings per share value is calculated as net income (also known as profits or earnings) divided by available shares. A more refined calculation adjusts the numerator and denominator for shares that could be created through options, convertible debt, or warrants. The numerator of the equation is also more relevant if it is adjusted for continuing operations.

Earnings per Share=Net Income - Preferred DividendsEnd-of-Period Common Shares Outstanding\text{Earnings per Share}=\frac{\text{Net Income }-\text{ Preferred Dividends}}{\text{End-of-Period Common Shares Outstanding}}Earnings per Share=End-of-Period Common Shares Outstanding

Net Income - Preferred Dividends?

To calculate a company's EPS, the balance sheet and income statement are used to find the period-end number of common shares, dividends paid on preferred stock (if any), and the net income or earnings. It is more accurate to use a weighted average number of common shares over the reporting term because the number of shares can change over time.

P/E Ratio Calculation
https://www.investopedia.com/terms/p/price-earningsratio.asp
P/E Ratio Formula and Calculation

The formula and calculation used for this process are as follows.

P/E Ratio=Market value per shareEarnings per share\text{P/E Ratio} = \frac{\text{Market value per share}}{\text{Earnings per share}}P/E Ratio=Earnings per share

Market value per share?

To determine the P/E value, one must simply divide the current stock price by the earnings per share (EPS).

- Based on MEDIUM, the historical USD for 6 billion won is 5.07M USD Revenue and 3 billion won operating profit is $2.53M USD from July Article. The historical EPS fully diluted to 15M O/S currently would be (2.53M/15M = .168) and would translate to a P/E of (1.67/.168 = 9.94). Based on potential forward P/E Guidance with a 200% growth rate of $33.83M USD and 16.9M USD operating profit it would be a potential EPS of (16.9M/15M = 1.126 EPS) and a Potential P/E of (1.67/1.126 = 1.48).

- The current potential historical P/E ratio could be 9 and the future guidance P/E ratio is 1 based on revenue and operating profit numbers announced last July and current PPS and fully diluted OS to 15M. We know that crypto valuations run in the 60X to 100X P/E ratio's easily so that is how we have a juggernaut in MTRT. All imo. Happy Investing and Trading.