Benchmarq Micro(BMRQ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Benchmarq Micro(BMRQ)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SI-Shark who wrote (36)	12/5/1996 1:55:00 AM
From: Rex Dwyer	of 313

Rex's profit predictions for 4Q96. Battery management revs were $5.38M last 3Q, up from $4.125M in 2Q, a 30% increase sequentially. I bet the sales increase will be as large this next Q if not larger. So, I get 4Q revs from battery management of $5.38+($5.38)*(30%)=$7.02M. That's an increase in BM sales of $1.64M. With a gross margin of 45%, I get an increase in earnings of 1.64M(0.45)=0.76M. That's (.76/7.33M shrs)=0.10 per share in added earnings. I will assume no growth at all for the other product lines. I know that their expenses are hardly increasing at all, which brings gross profit right to the bottom line. Add that to what they made in 3Q, and I get a quarterly income of $0.39 for 4Q. If they paid taxes, that would give you $0.25 per share of real earnings. Total revs would be $12.1M for 4Q. The P/E would then be 20.6 on fully taxed earnings that quarter. The revenue growth rate would be equivalent to a 78.5% annual clip, all for a P/E of 20.6. The PEG would be 20.6/78.5=0.26, which is not near the usual 1.0 limit. I'm holding the stock into the $30s. Rex Summary: 4Q96 Revs $12,100 est Earnings $1,830 est EPS $0.25 est Earnings are assumed fully taxed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next