$ 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) has 204,107 employees and an enterprise value of 32 billion. I got an EV/Employees ratio of 0.15x.
With these numbers in mind, I will use an EV/Employees ratio of 0.1x because the company’s size is much smaller than that of its competitors.
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 $13 per share.
👇👇👇👇👇👇👇👇❗❗Required reading ❗
May 18, 2018 ❗👇 2018 = Sales 48,9 ❗$ mln
https://seekingalpha.com/article/4175317-clps-ipo-is-undervalued-i-not-buyer
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Compare.
Mar. 04, 2022 ❗
2022 = Sales 155+ ❗$ mln
Required reading ❗
👇👇👇👇
CLPS Incorporation (CLPS) Q2 2022 Results - Earnings Call Transcript
CLPS Incorporation.
👉 Hong Kong ❗
Mar. 04, 2022
" As of December 31, 2021, we had total numbers of employees of 3,667 " ❗
👇👇👇👇👇 Required reading ❗
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$clps ..... Idiots?
.............. Really?
Interview, 2020. 👇
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"Lin (CEO) hopes to see
$CLPS
grow to maintain a market cap of more than $ 10 billions."
$ 3.7 !! / share (8/14/21) x 155 !!
= Market Cap $ 10B .........
= $ 574 / sh .......
👇
https://selectionnewyork.blogspot.com/2020/09/1-billion-market-cap.html