Cannonau Corp (CNNC)

[VETERANTRADER]

The P/E ratio is 18.5 according to this fund.

http://www.guinnessfunds.com/funds/alternative-energy/guinness-alternative-energy-fund-latest-fund-commentary/





And this pretty much confirms it. http://www.altenergystocks.com/archives/2010/02/2010_the_year_of_the_strong_grid_part_ii_1.html

So $25 Million Profit-Earnings
Divided by 38,749,000 shares
0.645 EPS
Multiplied by 18.5 p/e ratio
$11.93/share

But let's be realistic here. When PBEC will have $25 Million in revenues, they will need solar panels and do to do so they will have to issue more shares.

So let's assume they get to 50,000,000 shares by then.
$25,000,000 / 50,000,000 shares
0.50 EPS
Multiplied by 18.5 P/E ratio
$9.25/share

Now, let's say the P/E ratio is lower than 18.5
0.50 EPS
Multiplied by 10 P/E
$5.00/share

And what if the P/E ratio is higher?
0.50 EPS
Multiplied by 27 P/E
$13.50/share

Either way you look at it, when this company actually starts generating revenues, it will be as solid as they come.


Cheers,
vt