KNDI ELECTRIC VEHICLES the next tesla move for the masses in china. goldman sachs positive!!!
sunnusideup • Jan 18, 2014 1:23 PM
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Q1 2015 PPS part 5
Kandi Legacy Business Profit
Operating income TTM: $5,200,000
Assume 10% increase: $5,700,000
Kandi Profit Summary
Hangzhou Car-Share Profit: $22,000,000
Other Cities Car-Share Profit: $66,000,000
Hangzhou Car-Leasing Profit: $11,000,000
JV Fleet Sales Profit: $11,000,000
JV Individual Sales Profit: $17,665,000
Kandi Legacy Business Profit: $5,700,000
Grand Total Profit: $133,365,000
Assume above is operating profit.
Assume net profit: $100,000,000
A rapid growth business can support a P/E between 40 and infinity.
Assume a P/E of 40.
Market Cap = 40 x $100,000,000 = $4,000,000,000
Shares Outstanding: 37,000,000
PPS = Market Cap/Shares Outstanding
PPS: $108 Less
Sentiment: Strong Buy