Aqua Power Systems Inc (APSI)

[Roofus]

Question for stervc’s valuation model

Tim Evans has said 2022 financials surpass 2021 audited financials by a significant margin.

2021 audited = $87 million
2022 audited = $110 million (as a guess)

And then Karr Transportation = $14 to $15 million.

That would be $125 million in total.
The link showed the value of Karr Transportation’s total assets alone as being worth much more than APSI’s total market cap now of $6 million.

So let’s use $125 million (including Karr’s revenue).

And let’s plug-in 5% profit margin for 2022.

And let’s keep P/E ratio at 39, since that is the industry average.

Here’s the calculation for 2022 audited (projection):

Revenue = $125 million
Earnings = $6.25 million
(at 5% profit margin)
EPS = $0.36
(at $6.25 million / 17.2 mil OS)
PPS = EPS multiply by 39 P/E
PPS = $0.36 * 39 = $14.04

PPS = $14.04

Seem realistic?