Daniel Kim – Managing Director Research
One has has to put some measure of confidence in Kim. He is the Managing director of Paradigm responsible for their research and also functions as a senior analyst for the Industrial Technology sector.
He has some pretty complimentary things to say about Wilan's track record and has a pretty high target. He considers them very undervalued compared to peers and indicates a forward PE of 4.8 which indicates that their forward 2014 EPS estimate must be ~85 cents. BTW analysts average EPS for 2014 is 70 cents and for this year is a measly 25 cents this year (likely due to the estimates of litigation costs). If the 2014 EPS estimate is correct, Wilan is indeed extremely undervalued on an income generation perspective
I have a question of the board. If they signed 8 license agreements in 2012, would anyone care to hazard a guess as to how much annual revenue these signings represent.