Here is an example.

I took these #'s off of the "other" board as an example from someone's research. The prospective purchasing company would do something like this to come up an a evaluation (taking into consideration long term growth potential over several years). At the bottom, there is a price of 0.73 cents. That would be a potential based on these numbers. The purchaser would probably extend these numbers out for 3-5 years for a long term growth projection so these numbers would most likely be higher based on increased revenue after year 1. For this example I personally think the P/E of 45.06 is too high based on looking at other major alcohol vendors. I think a P/E in the low to mid 20's.

This is all JMO.

** 50,000 Cases Per Month x 6 Bottle Per Case = 300,000 Bottles

* 300,000 Bottles Per Month x $19.99 Per Bottle = $5,997,000 Revenues Per Month

** $5,997,000 Revenues Per Month x 12 Months = $71,964,000 Revenues Per Year

** $71,964,000 Revenues Per Year x .1860 Net Profit Margin = $13,385,304 Net Income

Formula to use to derive the Earnings Per Share (EPS)…

Net Income ÷ Outstanding Shares (OS) = EPS
$13,385,304 Net Income ÷ 814,790,609 shares = .0164 EPS

Formula to use to derive the ICNB Share Price Valuation…

EPS x P/E Ratio = ICNB Share Price Valuation

.0164 EPS x 45.06 P/E Ratio = .738 ICNB Share Price Valuation