RE:If they ebitda 30 mill annualied run rate in the middle of aJust to illustrate the upside at that point when debt is paid down to $40 million, these are my fair value at peer EV to Ebitda..
I assume the following..
LT debt will be paid down to $40 million
Ebitda is $30 million
EV to Ebitda Multiple = 14.1 ( https://siblisresearch.com/data/ev-ebitda-multiple/ )
FYI Enterprise value = Market cap + debt minus cash
Current EV = $90 m
Projected EV at Exit 2021 = 14.1. X $32 m = $420 million
Projected Market Cap = $420 m less $40 m debt = $380 million
Fair value Share price = $8.50
Divide by 2 to be conservative = $ 4+ per share.