Valuation24 Jan 2022 10:52
Greetings, I'm new to the forum.
The company looks promising and if it works could have big potential. But I have a lot of questions about the viability of it.
First of all the market cap is roughly 200m€, with 0 revenues. I've looked and PHE expect to earn 500.000€ for each facility.
I saw that the DMG process looks viable (with clean pure plastic in laboratory) and not the one they will use from the dirty dumpsters.
At this day it is not building any of it, but even if they complete it, and supposedly it will work, without any type of problems in logistics and filtering and cleaning the plastic. They will still make only 500k per year? That's like how much? 500.000/(0.09-0)= 5.5M€ in expected future cash flow. With a PE ratio of almost 200/0.5= 400!
I really can't see why it is valued at 200m€ right now, and I was looking some info in new plants, partnerships, anything in their website that could give me a better understanding. Thanks.