Hi Dente, we each use our own valuation models and methods so it always seems a bit difficult to discuss and compare FA in a post, but if the inputs are reasonable then all is good, yeh ?.
I’m using revenue and gross margin streams as summarised below providing me with a FY14 valuation of $1.25.
This assumes the $100M revenue forecast that PEB have made and also the gross profit margins they have estimated, allows for a gradual ramp up in growth toward their 100M target, a 3M loss at HY14, first profit in 2015, and a 40% forward gross margin from that point. Happy to compare assumptions and inputs, I like to be a bit conservative as PEB don't provide a lot of guidance.
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