$ CLPS - Required reading ❗
https://finviz.com/quote.ashx?t=CLPS 👆 Article. May 18, 2018 ❗❗❗ ❗2018 = Sales 48,9 ❗ ($ mln) Required reading ❗ " CLPS, 2018, IPO $ 5,25 : It Is Undervalued." " I obtained an implied enterprise value of $160 million ( 1600 employees x 0.15x). Adding $4.8 million in cash and $10 million from the IPO, I obtained an implied equity of $174.8 million. Finally, dividing by 13.29 million shares (11.290 million shares + 2 million IPO shares), I got an implied stock price of $13 per share. " I will assess the valuation of CLPS by taking into account the number of employees. The following is the number of workers employed by the company’s international peers: Wipro (WIT) employs 162,553 workers and has an enterprise value of $21 billion. So, its EV/Employees ratio is 0.12x ($21,000 million/162,553 workers) Tata Consultancy Services (OTCPK:TTNQY) has 394,998 workers and an enterprise value of $86 billion. Consequently, its EV/Employees ratio is 0.22x. Infosys (INFY)