NX Filtration share price and value. Back of the envelope math.

"Started the construction of our new megafactory with completion anticipated by Q1 2024 and start-up in H1 2024, needed to meet expected demand from our rapidly growing pipeline of opportunities for the medium-term." https://nxfiltration.com/

Equity EUR 142 000 000,-

50 000 000 shares 

Book value per share: EUR 2.84 

2022  sales of approximately 2,600 membrane modules. EUR 8 000 000 in revenue. 

=> EUR 3 000 price per module? 

Megafactory 80 000 modules. x EUR 3 000 = EUR 240m in sales in 2025? 

Possible sales 240m/50m shares = 3 EUR of sale per share projected. 

Share price EUR 10,70  market cap > EUR 500 000 000 seems enthusiastic.