I just listened to the WEMU cc. So far they have delivered 13 MegaWatt of panels, and their EPS is 0.38... They are saying 5 to 7 MegaWatt will be done in Q4 (Although its possible they might get over 7, says Jimmy)...
As a very rough estimate:
(5 / 13) * 0.38 = 0.146 EPS
(7 / 13) * 0.38 = 0.205 EPS
Many assumptions in that given the price per megawatt volatility, the changes in cost-of-production, etc etc... But it should be a decent average of what EPS to expect. So for FY 2009...
0.38 + 0.146 = 0.526
0.38 + 0.205 = 0.585
Average of range = 0.5555
Current stock price: $4.2.
P/E of 7.5.
Company has 5M in cash or $1.4 per share, I believe.
(P-C)/E should thus be 5.
-Fernando