Our valuation analysis is based on a DCF reflecting a series of potential outcomes related to market penetration and consequent volume benefits. This yields a range of fair values between £35m and £107m (excluding the impact of any FY16 funding). Receipt of further volume orders should act as a catalyst towards our midcase fair value of £57m, which is based on the roll-out modelled in our estimates.
23 Mar 2016
Winds of change
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Winds of change
Windar Photonics Plc (WPHO:LON) | 33.0 0 0.0% | Mkt Cap: 22.7m
- Published:
23 Mar 2016 -
Author:
Anne Margaret Crow -
Pages:
12
Our valuation analysis is based on a DCF reflecting a series of potential outcomes related to market penetration and consequent volume benefits. This yields a range of fair values between £35m and £107m (excluding the impact of any FY16 funding). Receipt of further volume orders should act as a catalyst towards our midcase fair value of £57m, which is based on the roll-out modelled in our estimates.