Nexus Energy Services Inc (IBGR)

[Choi]

So the price to earnings ratio in this industry is staggeringly high.

It's anywhere from 50x to over 200x.

Here's a list of the companies in our industries with their p/e's collected from a couple months ago.



1.) Nike (NKE) - 48.20x

(52 week high 84.03x)



2.) Figs Inc. (FIGS) - 101.65x -

(52 week high over 170x)



3.) Lululemon (LULU) - 76.17x

(52 week high 96.67x)



4.) Li Ning (LNNGY) - 119.02x

(52 week high 124.26x)



5.) Canada Goose (GOOS) - 85.61x

(52 week high 94.98x)



6.) Puma (PUMSY) - 54.54x

(52 week high 207.71x)



7.) Under Armour (UA) - 78.19x

(52 week high 81.27x)



8.) Adidas (ADDYY) - 66.5x

(52 week high 135.25x)



9.) Anta Sports (ANPDY) - 81.49x

(52 week high 87.73x)



10.) Clarus (CLAR) - 85.51x

(52 week high 106.51x)



11.) Steven Madden (SHOO) - 45.31x

(52 week high 178.40x)



*All earnings and fundamental data can be verified here.

https://ycharts.com/companies/NKE/pe_ratio


Now let's suppose Dryworld makes or are projected to make $10 million in earning. With our unique and innovative products, we should see anywhere from 100x to over 200x in our p/e.

$10 million in profits with a 100x p/e equals a $1b market cap. A p/e of 200x is a $2 billion market cap.


What if it's $50 million?


$50 million in profits with a 100x
p/e equals a $5b market cap. A multiple of 200x would equal a $10 billion market cap.


The potential here is insanely massive. Back then, when they secured team contracts, they were on their way to making hundreds of million's of dollars in revenue, if not billions.