RE:RE:RE:Globe & Mail I will make an attempt to show how Telus share price will change as one considers Telus International ebitda separately from Telus using a higher ebitda ratio. Now the disclaimer…
everyone should use their own numbers and their own methology. Of course , the market will use its own and add risk and time factors to generate its own adjusted stock price. Noone should be surprised that Telus stock price rose during the day but how high ... remains to be seen. GLTA
Method:
#shares*SP/telus ebitda 1.28B*26.8/5.6B = 6.13 market cap/ebitda ratio
Now substract out telus intentional ebitda = 5.6B-400M=5.2B
Calculate new maket cap using (6.13) and Telus Intentional (15 ratio).
=5.2B*6.13+400M*15=37.9B
New Telus Stock price with TIXT ebitda priced at 15x ebitda.
17.9B/1.28B=29.6
Table: Here is a table to show how Telus International ebitda will contribute to Telus share price.
Telus international Telus share price 6.13x 26.8
10x 28.0
12.5x 28.8
15x 29.6
20x 31.1
RFguy
firstworld - (1/25/2021 6:49:35 PM) RE:RE:Globe & Mail IMO domestic business is far more valuable than international because domestic is protected from foreign competition by the feds. On the other hand international is in time tested tax avoidance structure to which the domestic business likely heavily subscribes to and may triple that businessness diverting Canadian profits to Ireland. I would say this is likely the case it's what any one would do.
rfguysd wrote:Question for the forum:
Is there sufficient information to determine how telus stock price is affected by the IPO? I made some basic assumptions that:
Telus ebitda 5.6B/yr
Shares outstanding 1.28B
Telus international ebitda 400M/yr
Market cap / ebitda for high tech companies =15
Any brave souls who want to calculate the impact?
RFguy
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retiredcf - (1/25/2021 12:14:22 PM) Globe & Mail Telus Corp. was up as Telus International, its business and IT services division, kicked off a roadshow to market its initial public offering and is expecting to price its stock at between US$23 and US$25 per share.
Telus International will be offering 33.33 million subordinate voting shares – including 21.93 million from its treasury and 11.40 million from its owners, Telus and Baring Private Equity Asia – when it goes public on the Toronto Stock Exchange and New York Stock Exchange. It will trade under the ticker TIXT.
Telus International expects to raise roughly US$493.9-million if it prices the IPO at US$24 per share, according to its most recently filed prospectus with the U.S. Securities and Exchange Commission.
Telus International runs the digital customer experience for brands such as Fitbit, Uber and online gamer Zynga. It started out 15 years ago as a call centre operator for Telus and a handful of U.S. technology and telecom firms and grew organically and through acquisitions.