Jul. 10 at 5:16 PM
$PLTR Palantir Technologies (PLTR): Reported an annual net income of
$1.625 Billion.
"For a
$309 billion market cap, a "valid" net income fundamentally depends on the industry, as companies trade at vastly different Price-to-Earnings (P/E) Ratios. However, based on the broader market's average P/E Ratio, a typical net income would be
$12 billion to
$24 billion"
1.625 B into 12B is 7.5.
pltr has about 1000 businesses as clients now for it's 1.65B net income yoy and a huge dispropertionate chunk is US miltary.
Pltr only needs about 7000 - 9000 more mega rich companies to sign up to use them to price the stock in somehwat to fair value. overvalued and way over priced, yeah.
BTW there are 4000 US busnieeses in total that fit into pltr's price range.
At this point pltr needs every company in the world to use them to price this stock in and it still may not be enough. bulls "but the growth, the growth" will what? eventually make the stock worth the current price if a miracle happens.
