Nice numbers, eh.
The numbers are in US$
The 98Q4 numbers are estimates (I'll repost after Feb. 22 numbers
come out). When I download the 98Q3 numbers from SEDAR, I get
the 97Q3 numbers, some sort of glitch, so I used the CDN dollar
numbers in the 98Q3 press release and divided by 1.54.
Direct Focus TSE-DFX
US$
1,000's Q/Q-1 Q/Q-4 Earnings/
Period Sales Earnngs Sales Sales Sales
% % %
98Q4est 18,800 3,500 26 159 19
98Q3 14,904 2,946 22 145 20
98Q2 12,237 2,203 11 235 18
98Q1 11,051 2,526 52 280 23
97Q4 7,251 1,264 19 204 17
97Q3 6,073 610 66 141 10
97Q2 3,654 381 26 65 10
97Q1 2,908 261 22 109 9
96Q4 2,388 189 (5) 8
96Q3 2,520 300 14 12
96Q2 2,215 270 59 12
96Q1 1,394 87 6
Year End Dec
Diluted shares(1000s) 9,717
Recent Price $12.83 C$ 19.50
EPS(diluted) $1.15
P/S 2.2
P/E 11.2
Market Cap 124,659
If Sprott's 99 sales estimates of $120M are right, we should see
99 profits at 21.6M (18%) which gives us a forward P/E of less than
6.0!
Based on 21.6M earnings we could see a 99 share price:
P/E Share Price
11.2 24.92
15.0 33.37
20.0 44.50
My target is $40.00.
Cheers, Gofer |
