TSX:IBG.DB.E - Post by User
Post by
Oakboy1110on May 10, 2020 11:55am
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Post# 31008949
What price should IBI Group be trading at.
What price should IBI Group be trading at. I am again comparing IBI Group to Stantec. This time I am using the Mar 31st 12 month trailing adjusted EBITDA without adjusting for IFRS 16.
IBI. STN
Closing price-May 8/20. $4.01. $42.00
Adj EBITDA per share(trailing 12 mos). $1.53. $5.25
Multiple-price/Adj EBITDA. 2.6. 8.0
PRICE IF IBI TRADED AT STN MULTIPLE- 8.0 X $1.53 = $12.24
WSP Global multiple - 9.06
Calian Group multiple - 11.4
IBI SHARES ARE SIGNIFICANTLY UNDERVALUED