With its operations, an over 80% Net Profit Margin is very conceivable. However, to remain conservative, as how the company remained conservative for deriving how they could generate the $19 Million in Revenues, I will use a 40% Net Profit Margin to derive what would be the amount of Net Income for PTOP. Consider below for deriving an Earnings Per Share (EPS)…
$19,000,000 x .40 Net Profit Margin = $7,600,000 Net Income
I will use that number for the OS because it is higher than the numbers previously mentioned and it allows me to air on the side of caution.
Net Income ÷ Outstanding Shares (OS) = EPS $7,600,000 Net Income ÷ 479,000,000 Shares (OS) = .0158 EPS
Now we must multiply the EPS by a Price to Earnings (P/E) Ratio to get a Fundamental Valuation to consider for where PTOP could exist to trade. The P/E Ratio is the variable that is multiplied by the EPS to get where a stock should fundamentally trade compared to the other stocks within its Industry or [bSector. The links below should help to better understand the P/E Ratio logic as being the growth rate to help assess the fundamental valuation of a stock: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57154170 http://www.investopedia.com/terms/p/price-earningsratio.asp
Within the Bitcoin/Cryptocurrency Industry, there is no known official P/E Ratio, but I think given the new-found growth of the industry over any other industry within the market, I think we all could agree that using 30 would be deemed a fairly conservative number to use in my opinion.
Please understand, if one chooses to consider a lower number or a higher number, simply use the Substitution Property to replace such variable or any other variable to what you might choose to believe is a more fair variable to consider.
EPS x P/E Ratio = PTOP Potential Valuation
PTOP EPS = .0158 Bitcoin Industry P/E Ratio = 30
.0158 EPS x 30 P/E Ratio = .474 Per Share Potential Fundamental Valuation
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