Forward P/E Ratio Math

P/E = 100 is fair considering the growth rate

240% growth over 3 years = 80% growth per year.

2014 Revenue $18.8mil + $15.04mil(80% of $18.8mil) = $33.84mil(estimated 2015 Revenue)

Divide $33.84mil(revs) / 1.8bil(shares) = .0188(earnings per share)

.0188 x 100 = 1.88(based on fair p/e estimated value)

If P/E Ratio = 100 then PPS = $1.88 (Price Per Share)

p/e ratio of 1 is $0.02 pps rounding up from 0.0188 and no growth factors figured in

Forward PE is just an estimate


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