iQSTEL Inc (IQST)

[snow]

Lindsay 2010 I get the impression that this company is close to profitability. There is no p/e ratio because there are no profits. The p/s ratio (market cap in relation to sales) is very low though. Walmart that used to have a net profit margin between 2- 3% has a p/s ratio of about 0.6. If IQST has sales of about 250 million dollars this year and a market cap now a bit less than 50 million dollars the p/s ratio is as low as about 0.2. Compared with the numbers of Walmart a profit margin of 1% would be sufficient to justify the current pps if profitability had been the only thing that counts as far as the stock price is concerned. If the net profit margin had been 5% a stock price 5 times the current pps would result based on the same criteria. In my view the crucial question is what are future earnings per share likely to be. On NASDAQ that is a very important criterion.