CARLSBAD, California, December 6, 2018 /PRNewswire/ --
OPTEC International, Inc. (OPTI) today announced that Goldman Small Cap Research issued a new research report on the Company. The report discusses recently announced events, financial forecasts and a $5.50 price target for its shares. To view the update report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.
Goldman Small Cap Research Report Highlights
In the Opportunity Research update, analyst Rob Goldman discusses OPTEC's recent events and exciting upcoming opportunities that lie ahead.
Goldman noted, "Via an exclusive worldwide license, OPTEC offers such an innovative, high performance, emission-reducing product that it may not even have a direct peer. Emissions can be reduced by as much as 90% yet performance increased by as much as 25%. The aftermarket product industry, in which OPTEC participates, is slated to grow to over $847B in 2022. Products offered target the passenger, commercial, fleet, motorcycle, and electric scooter markets.
"A recent royalty agreement should generate more than $10M in top-line over the next 3 years. OPTEC has just entered the commercialization phase and is in the best position in company history. A combination of royalty and product sales could result in $4M and $14M in revenue for 2019 and 2020, respectively. Since royalty revenue has little to no COGS, operating profit could reach $5M in 2020."
"Our target price is $5.50 and it could prove to be conservative. Our price target represents a $98M market cap, or 7x projected our 2020E top-line forecast. Assigning a 20x P/E multiple on just $5M affirms this target. Furthermore, it should be noted that the stock generally had a base of around $5 in recent months, prior to price declines and has supported prices of over $10 in the past 12 months---before OPTI's current business development successes," concluded Goldman.
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published non-sponsored company research report on OPTEC International, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from OPTEC International, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
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About OPTEC International, Inc. Corp. (OTC - OPTI) OPTEC International, Inc. is a leading worldwide provider of green technologies and holds the exclusive worldwide license for marketing and distribution of OPTEC Fuel Maximizer products. The OPTEC Fuel Maximizer is a patented next generation technology solution. By improving the overall combustion process, it enables modern, combustion engines to substantially reduce unburned hydrocarbons and harmful emission while simultaneously increasing engine performance and fuel economy.
For more information, please visit: http://www.Optecintl.com
Goldman Small Cap Research
Rob Goldman, Analyst