HDR nits (cd/m2) vs Projector lumens

HDTV1080p

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Hi,

I have a question in mind after seeing media info of HDR movies.

Spec for a 4K hdr movie =>
Mastering display luminance : min: 0.0050 cd/m2, max: 4000.0000 cd/m2
Maximum Content Light Level : 1933 cd/m2
Maximum Frame-Average Light : 709 cd/m2

from online, I got the relation as 1 candela/meter [cd/m] = 0.0001 lumen/centimeter/steradian

does that mean, a 2500 lumen projector will give 25000000 cd/m2 output? [Looks to be a noob question :( ]

P.S. I couldn't get any appropriate section for this question, as it is related to projector, so I posted here
 
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