In their whitepaper, PinkDate states on page 15 that net profits in year four (or a 12-month projection based on the month just before the fourth year) will be 30 million dollars. Based on 100 million shares, they calculate an earnings per share of $0.3 (30 000 000 / 100 000 000), a dividend of $0.15 per share (0.3/2) and a reference per-share price of $15 assuming a P/E of 50.

These calculations should now be updated. In the Pre-ICO rounds, only 42 million shares of the 85 available were sold. Based on this we can assume that 15 million shares will be sold in both the current ICO #1 and the upcoming ICO #2, which means that there are 57 million outstanding shares.

Let’s do the math above but with 57 million shares instead: earnings per share is now $0.5, dividends per share is $0.26 and the reference per-share price is $25.

Of these numbers, the one to be most skeptical about is the assumed P/E of 50. That is based on the P/E of tech-companies which the markets think will have great growth of future earnings, which is likely to hold true for PD as well, but so far crypto prices have not really had any correlation to earnings. Most coins have no earnings and are extremely expensive. It is hard to know if this fundamental relationship will change, but if that doesn’t happen then investors can at least enjoy the dividends.

The current share price in the ICO, which ends the day after tomorrow, is $0.588. If we allow ourselves to skip ahead a little and calculate a P/E based on the projected earning in the fourth year, this would give us an P/E of approximately 1. There is a lot of things that need to go right for this to happen, but such a low valuation should encourage people to study this company close and really consider participating in ICO #1 (which ends tomorrow) or ICO#2 (the last one). Despite how crazy the company may seem to people, it is one of few crypto projects which can be evaluated in a traditional manner.