TSX:IBG.DB.E - Post by User
Post by
Oakboy1110on Jan 24, 2021 5:48pm
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Post# 32371854
IBI compared to peers-
IBI compared to peers- IBI has made great strides in the last 6 months but based on my comparisons it is still undervalued relative to its peers.
IBI Stantec WSP
Closing TSX price Jan22/21. $9.21. $43.59. $118.17
Net revenue- 9mos, Sept 30/21. 294.6. 2822.8. 5170.8
Growth over 2019 3.3%. 0.4% 0.9%
Adj EBITDA - 9 mos $47.3. $440.4. $791.6
% of net revenue 16.1%. 15.6%. 15.3%
12 mos trailing adj EBITDA/share $1.55 $5.19. $9.33
Multiple of share price to adj EBITDA. 5.9. 8.4. 12.7
Net Debt/ Adj EBITDA 1.1 0.8 0.3
If IBI was trading at Stantec multiple, market price would be $13.02
If IBI was trading at WSP multiple, market price would be $19.68