GREY:IPRSF - Post by User
Comment by
lscfaon Apr 26, 2016 1:00am
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Post# 24809015
RE:Valuation
RE:ValuationCantor valuation in Nov 2015:
We are initiating coverage of Imperus Technologies Corporation with a BUY recommendation and a DCF-based one-year price target of $0.50 per share. LAB currently trades at a C2016 EV/Sales of 1.7x and an EV/EBITDA of 6.6x vs its Global Gaming comparables at an average of 3.2x and 12.0x, respectively.
ev =18 x 12 = 216
less 68 mil US debt x 1.3 fx + 6 mil in cash = 82.4
mkt cap = 133.6
177 mil shs,
share price = $0.75
ev = 3.2x 50 = 160
mkt cap = 160 - 82.4 = 77.6
177 mil shs.
share price = $0.44
lscfa wrote: | ebitda | 18 | 2016 guidance | |
| int | 10.608 | 68 mil us x 12% x 1.3 fx | |
| inc b/f tax | 7.392 | | |
| no income tax | 0 | $25 mil of tax loss carryforwards | |
| net income | 7.392 | | |
| shs o/s | 177 | | |
| cash eps | $0.042 | ignoring amortization | |
| cash flow multiple | 7x | | |
| fair value | $0.29 | | |