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Tangelo Games Corp. IPRSF

Technology Electronic Gaming & Multimedia
"Tangelo Games Corp is engaged in developing and selling social casino games. The company primarily designs, develops and distributes social casino-themed games within online social networks such as Facebook, Mobile platforms, Portal and other. It derives revenue through the in-game sale of virtual coins most of it is accounted through Facebook."


GREY:IPRSF - Post by User

Tangelo Games Corp. > Valuation
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Comment by lscfaon Apr 26, 2016 1:00am
160 Views
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    



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