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MERUS LABS INTERNATIONAL INC T.MSL

"Merus Labs International Inc is a specialty pharmaceutical company. The Company acquires and licenses novel pharmaceutical products."


TSX:MSL - Post by User

Comment by lscfaon Feb 28, 2017 3:44pm
166 Views
Post# 25907657

RE:ebitda emphasis is sort changing the co.

RE:ebitda emphasis is sort changing the co.Let's hope mgmt is not dumb enough to let a buyer price a takeover on EBITDA multiples.....
lscfa wrote: ebitda does not give co. credit for low interest rate and low tax rate so market is mis-valuing the stock.


Current adj ebitda $10.85 mil
Annualized = $43.4 mil
EV/ ebitda multiple of 6 => $260.4 mil
Less net debt of $136.5 mil => equity of $124 mil
117 mil shs. => $1.06
 
Current adj. eps = $0.062
Annualized = $0.248
p/e multiple of 8 => $1.98

net loss   -6,317,410
fx losses (gains) 3,748,357
amort of intangibles 8,941,592
legal settlement 998,176
acquisition costs 0
derivative losses (gains) -77,410
adj net income 7,293,305
shs avg o/s 116,999,906
adj eps   $0.062




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