Although Net Equity is indeed $77M or $0.403 a share but we all like to talk about Net Tangible Assets so we removed the intangibles and deferred tax and then we get NTA of $0.307 a share.
For the first half of the year they claim EBITDA of positive $4.3M which after the ITDA came off translated to NPAT of negative $3.4M.
Now Rakon have stated that full year EBITDA (not profit) will be from $10M to $15M so profit will be [small/nothing/negative] <<you can choose.
I do not like it when people pluck P/E ratios out of thin air and say the company is thus worth $X. If you want to value the company you had better give us a reasonable story of the next few years for Rakon.
Best Wishes
Paper Tiger