TSXV:NYX.DB - Post by User
Comment by
jermleb1980on Nov 16, 2016 9:12am
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Post# 25467515
RE:RE:Target price cut
RE:RE:Target price cut NYX Gaming Group Limited NYX (TSX.V) $1.42
Quarterly Review / Target Change
3Q Revenues Beat But Adj. EBITDA Missed
Big On Higher Marketing & Personnel Costs
Maintain Outperform, target drops to $2.50 from $3.25.
Our target's based on the 2017E metric in our DCF (incl. implied value associated with U.S. subsidiary), with implied EV/EBITDA of 11.2x PF2016E, 8.3x 2017E and 6.8x 2018E.