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07-05-2015, 02:14 PM
(This post was last modified: 07-05-2015, 02:17 PM by Curiousparty.)
At a steady state,
Key assumptions are (might be flawed)
1. 33% of revenue each year goes to partners for each airport (just a general assumption)
2. $47mil over 7yrs = $6.7 mil per year (Hong Kong airport case, just an example)
3. So, Stratech gets to keep say $4.5mil per year.
4. NPM = 20%. So net profit per year (over the 7 yr period) = $0.9mil (per airport like Hong Kong)
5. Say, overall, Stratech manages to secure contract for 15 airports at steady state, we would have ~ $13.5mil per year (over 7 yrs)
6. Assume P/E of 19, market cap works out to be $256 mil.
Current market cap ~ $55mil
Key assumptions are (might be flawed)
1. 33% of revenue each year goes to partners for each airport (just a general assumption)
2. $47mil over 7yrs = $6.7 mil per year (Hong Kong airport case, just an example)
3. So, Stratech gets to keep say $4.5mil per year.
4. NPM = 20%. So net profit per year (over the 7 yr period) = $0.9mil (per airport like Hong Kong)
5. Say, overall, Stratech manages to secure contract for 15 airports at steady state, we would have ~ $13.5mil per year (over 7 yrs)
6. Assume P/E of 19, market cap works out to be $256 mil.
Current market cap ~ $55mil
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