TSX:IBG.DB.E - Post by User
Post by
Oakboy1110on Mar 15, 2021 5:16pm
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Post# 32802531
IBI Group continues to be undervalued compared to peers
IBI Group continues to be undervalued compared to peersPRICE/EBITDA ratio for IBI is 6.0, Stantec is 10.1 and WSP is 12.1 (Share price Mar12/21)
If IBI were to trade at Stantec multiple, IBI share price would be $16.26 and at WSP multilple, share price would be $19.48.
This ia an improvement from a year ago when share price discount was 58%. The discount at Mar 12 was 41%. We made up a little today with price closing at $9.94 now a 39% discount. Possibly because of size and no dividend, IBI share price may not get to $16.26 but it should be at least significantly higher than $10.