RD "EBIDA x 12 = $99" I am not able to read the attachment because the numbers are too small. My interpretation is that it refers to a somewhat higher number than earnings per share a year. Let's Let's assume that earnings per share are 75 dollars. Assuming a p/e ratio as low as 10 this would imply a stock price of 750 dollars! A p/e ratio of 10 would seem to be very conservative. Thus the potential might seem to be 2,000 dollars or more given a p/e ratio in the range 25-30. I wonder if these numbers are so good that they are unrealistic. What I am unable to see is what year your numbers refers to. That is of course extremely important.