Novac I did say that 12 is a moderate P/E. You may know more about me about what it is for this industry.
There are indeed a lot of variables in the valuation. Each investor can ascribe whatever they like to these in doing their valuation.
Some of these variables are:
Sales in Chinese yuan, converted to US dollars, repatriated to Australia. What exchange rates to use?
Discount factor for sovereign risk.
Uplift factor for (I think massive) growth prospects.
Reliability of earnings.
A discount factor for the small number of shares able to be traded - which of course becomes an uplift factor is the shares become in demand.
And so on.
All the best Novac.
BTK
botai technology limited
