Advent Technologies Holdings Inc (ADN)

[WeTheMarket]

ADN Price Breakdown in Tech/alt Fuel Industry update 07/22/22 https://www.reddit.com/r/AdventTechnologies/comments/w5prj0/adn_price_breakdown_in_techalt_fuel_industry/?utm_source=share&utm_medium=web2x&context=3

ADN Price Breakdown in Tech/alt Fuel Industry:

There are many ways to value a public and private company. There is no perfect formula, but there are numerous tools to help formulate a number odds of where a share price should be or not. Understanding the difference b/w share structure of public companies especially outstanding shares will help you tremendously when comparing companies. Companies can be valued by growth, tech, SaaS, intellectual property, assets, liabilities, debt, cash and etc.

The data below is all in my opinion and based on data I collected off SEC and investor websites. I used the data with my formulas on excel.

It is almost comical how ADN’s market cap is 147.6 million ($2.88) and is the most tech innovative stock IMO (Advent Technologies has 190 patents issued, licensed, or pending)

ADN = 147.6 million market cap ($2.88) O/S = 51,253,591
HYZN = 887.3 million market cap ($3.58) O/S = 247,856,052
FCEL = 1.23 billion market cap ($3.36) O/S = 366,687,765
PLUG = 10.2 billion market cap ($17.64) O/S = 578,009,043

Outstanding shares and share price throw some novice people off. Here is a breakdown if both companies were equivalent: (only HYZN is comparable right now as of 07/22/22)

ADN = HYZN = $17.31
ADN = FCEL = $24.04
ADN = PLUG = $198.93

Value share price (*debt, cash, warrants, options, preferred shares were not included formula)

ADN = $11.36 – $18.17
O/S = 51,253,591
A/S = 110,000,000
No debt
cash and cash equivalents $59.3 million

2022 est. yearly revenue for 2022 38.8 million
2025 YEAR projected revenue = 300 million + and profitable
2025 numbers for ADN if O/S stays at 51 million

$87.80 – $140.48

Included: diluted warrants, preferred shares, options (debt not included)

$55.39 - $88.62

*****If it traded like PLUG in 2021 ADN would = $328.78 in 2025!!!

ADN
https://s27.q4cdn.com/839137367/files/doc_presentations/2021/09/14/Advent-Investors-PPT_Sept-2021-9.14.21.pdf

HYZN
https://s28.q4cdn.com/786762755/files/doc_presentations/2022/Q4-Investor-Presentation_Final.pdf

FCEL
https://s21.q4cdn.com/256256048/files/doc_presentations/2022/03/FCEL_Investor-Day-(FINAL)1.pdf

PLUG
https://s21.q4cdn.com/824959975/files/doc_presentations/2021/2021-PLUG-SYMPOSIUM-FULL-DECK2.pdf

Here is my old projections based on different numbers (250 million in revenues) when everything was trading too high: (above is way more conservative numbers based on today's environment even though stock market is always forward looking) Also, I thought there would be a share offering, but with the EU ratification changed everything. I no longer see a share offering in the future

ADN = $8.25 - $13.26
O/S = 51,253,591
A/S = 110,000,000
No debt
cash and cash equivalents 79,764,430
2022 est. yearly revenue for 2022 15 million
2025 YEAR projected revenue = 250 million +
2025 numbers for ADN if O/S stays at 51 million *(most likely will be a higher O/S in the future with a share offering)
$146.33 - $243.89
Included: diluted warrants, preferred shares, options (debt not included)
$92.31 - $153.85