Subaye, Inc (SBAY)

[GorillaGorilla]

Updating the figures using the latest share counts which are at least 261,200,983


Share Price 0.115
Earnings per share ttm 0.032 (rebased using the current O/S)
So P/E is 3.56

Earnings growth is > 100% (183% for what it's worth)...
Lets work with 30% growth.

That's a PEG of 0.12 (A peg of 1 is what we normally expect for fairly valued stock).

Taking earnings of 0.032 and multiplying by 30 we have target price of 0.97 or 7 times upside from here. Clearly there can be signficant dilution, esp for acquisitions, and still remain undervalued. Clearly 30% growth could be conservative and clearly acquisitions may add value.

rich