15x multiple to such a valuable entity

vibzee
2023-04-03

my main point was that applying a 15x multiple to such a valuable entity, especially when its effectively the other half of Apple, Nvda, AMD and essential to their survival, with no substitutes - no reasonable person when objectively trying to value such an enterprise I think should be able to say 15x is “fair”. That ought to be like the worst case. The company trades at a discount because most people don’t realize its importance and think - oh China!

The situation is similar to the lack of investor understand and appreciation when Apple traded at 5-6x PE ex cash some years ago. Most investors are lazy lemmings and only buy with the crowd when something is going up and sell when its down. $Taiwan Semiconductor Manufacturing(TSM)$

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