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hmm yalor, how about if you factor in the new project? assume 20% profit margin of the project for 2 years. Every quarter profit can get additional about 3m on average.
New contract= 115m
estimate profit margin= 10%
estimate profit= 11.5m
2year to complete= 5.75m per year.
5.75m = 0.026 Eps (1 year)
Current Qr eps 0.69 x 4= 0.0276
current eps + new contract eps= 0.054
Estimate Forward PE 2021 = 25
My own estimation only. No buy sell call
I just said it's overvalued at this moment. If u guys want to talk until 2021 Q4, ofcourse it can be fair value at that time. Take a look at Solarvest, profit higher than Samaiden but PE is lower