PJET .08+ Fundamental Valuation Per Filings I r
Post# of 692
Posted On: 09/22/2016 6:52:35 PM
PJET .08+ Fundamental Valuation Per Filings
I read the PJET filings below and saw where it stated PJET had achieved the following below for the past 6 months:
http://www.otcmarkets.com/financialReportView...;id=158477
Revenues = $2,820,029
Net Profit/Income = $1,481,065
I think this should be the primary reason for one to invest/trade PJET. The rumors would be nice to materialize into something with huge substance, but I believe the operational piece existing here with PJET easily warrants trading in a few pennies as I will further explain.
PJET having Net Income in the amount of $1,481,065 for the past six months ending within its financials is huge and makes PJET worth over .08+ per share as I will elaborate to justify such logic.
The last reported number for the PJET amount of Outstanding Shares (OS) is 127,866,375 Shares. I would like to consider the Authorized Shares (AS) which can be confirmed below in the amount of 250,000,000 Shares as the OS to justify a fundamental valuation as a worst case scenario number for the OS:
http://nvsos.gov/sosentitysearch/CorpDetails....&nt7=0
The Earnings Per Share (EPS) for the six months ending was .01 per share within the PJET financials from them considering an OS of 127,000,000+ shares, but as I stated above, I would like to derive a ”worst case scenario” valuation by considering the OS being maxed out to be 250,000,000 Shares since that is the maxed amount for the Authorized Shares (AS). Consider the new EPS and valuation below:
$1,481,065 Net Income ÷ 250,000,000 OS = .0059 EPS
Now we must multiply the EPS by a Price to Earnings (P/E) ratio to determine the fundamental share price for where PJET could fundamentally exist. From the Yahoo Finance website below, I think it’s fair to see that PJET could very well exist within the Services Sector and further existing within the Regional Airlines Industry with 14.1 as its current P/E Ratio:
https://biz.yahoo.com/p/771conameu.html
This means the following valuation for PJET…
.0059 EPS x 14.10 P/E Ratio = .083 Per Share Valuation
This means that based on the 6 months ending financials for PJET, the company is worth .083 per share considering if the OS was maxed out to be 250,000,000 shares. I would suggest that all keep in mind that the last reported OS for PJET was known to be 127,866,375 shares:
http://www.otcmarkets.com/stock/PJET/profile
I’m making this point known because I recommend all to use the Substitution Property if any of the variables were to change at any given time in the future.
Example: If the next update from the company reports that the OS is still the same as the 127,866,375 shares, then replace such amount in the formula above which should warrant a valuation that is greater than twice the .083 per share amount I derived above.
Please understand about this valuation post. The validity of the valuation within this post transpiring will not be predicated upon me just saying so or believing that such could happen as a possibility. What I think and/or believe doesn’t matter. It matters what the market will eventually think. The validity of the valuation transpiring within this post will be predicated upon the market realizing and making such transpire.
Something else important to note, the valuation above was based on the six month ending financials. The three month ending financials reflected an EPS of (.00) per share which is really not bad considering its share structure, but it is not as good as its six months ending EPS. Considering the reasons for why such had transpired, I am confident that the six month numbers will begin to be more consistent for what PJET will continue to generate. With the company having $409,008 indicated as cash on hand within its Cash Flow Statement, confirms my beliefs of such being documented Expenses of which I believe the company will have no problem eliminating such Expenses to remain profitable going forward.
Also, this valuation does not include any potential contract that could be in the queue for PJET. Any announcement of any kind of substantial contract would significantly enhance the .08+ per share valuation stated above.
The growth is confirmed from its current operations below:
http://www.priorityonejets.com/
I read the PJET filings below and saw where it stated PJET had achieved the following below for the past 6 months:
http://www.otcmarkets.com/financialReportView...;id=158477
Revenues = $2,820,029
Net Profit/Income = $1,481,065
I think this should be the primary reason for one to invest/trade PJET. The rumors would be nice to materialize into something with huge substance, but I believe the operational piece existing here with PJET easily warrants trading in a few pennies as I will further explain.
PJET having Net Income in the amount of $1,481,065 for the past six months ending within its financials is huge and makes PJET worth over .08+ per share as I will elaborate to justify such logic.
The last reported number for the PJET amount of Outstanding Shares (OS) is 127,866,375 Shares. I would like to consider the Authorized Shares (AS) which can be confirmed below in the amount of 250,000,000 Shares as the OS to justify a fundamental valuation as a worst case scenario number for the OS:
http://nvsos.gov/sosentitysearch/CorpDetails....&nt7=0
The Earnings Per Share (EPS) for the six months ending was .01 per share within the PJET financials from them considering an OS of 127,000,000+ shares, but as I stated above, I would like to derive a ”worst case scenario” valuation by considering the OS being maxed out to be 250,000,000 Shares since that is the maxed amount for the Authorized Shares (AS). Consider the new EPS and valuation below:
$1,481,065 Net Income ÷ 250,000,000 OS = .0059 EPS
Now we must multiply the EPS by a Price to Earnings (P/E) ratio to determine the fundamental share price for where PJET could fundamentally exist. From the Yahoo Finance website below, I think it’s fair to see that PJET could very well exist within the Services Sector and further existing within the Regional Airlines Industry with 14.1 as its current P/E Ratio:
https://biz.yahoo.com/p/771conameu.html
This means the following valuation for PJET…
.0059 EPS x 14.10 P/E Ratio = .083 Per Share Valuation
This means that based on the 6 months ending financials for PJET, the company is worth .083 per share considering if the OS was maxed out to be 250,000,000 shares. I would suggest that all keep in mind that the last reported OS for PJET was known to be 127,866,375 shares:
http://www.otcmarkets.com/stock/PJET/profile
I’m making this point known because I recommend all to use the Substitution Property if any of the variables were to change at any given time in the future.
Example: If the next update from the company reports that the OS is still the same as the 127,866,375 shares, then replace such amount in the formula above which should warrant a valuation that is greater than twice the .083 per share amount I derived above.
Please understand about this valuation post. The validity of the valuation within this post transpiring will not be predicated upon me just saying so or believing that such could happen as a possibility. What I think and/or believe doesn’t matter. It matters what the market will eventually think. The validity of the valuation transpiring within this post will be predicated upon the market realizing and making such transpire.
Something else important to note, the valuation above was based on the six month ending financials. The three month ending financials reflected an EPS of (.00) per share which is really not bad considering its share structure, but it is not as good as its six months ending EPS. Considering the reasons for why such had transpired, I am confident that the six month numbers will begin to be more consistent for what PJET will continue to generate. With the company having $409,008 indicated as cash on hand within its Cash Flow Statement, confirms my beliefs of such being documented Expenses of which I believe the company will have no problem eliminating such Expenses to remain profitable going forward.
Also, this valuation does not include any potential contract that could be in the queue for PJET. Any announcement of any kind of substantial contract would significantly enhance the .08+ per share valuation stated above.
The growth is confirmed from its current operations below:
http://www.priorityonejets.com/
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