RE:RE:RE:Supremex Vs DCMnozzpack wrote:
Print.................................................. $1.82 per share
FLEX........................................... .....$1.60 per share
Dam.................................................. $1.03 per share
Weighted Trailing EV Valuation.........$ 4.45 per share.
From this we remove $41 million in debt ( rounded to $1 per share ), and we have a trailing market cap valuation per share at peer multiples of about $3.50 per share.
This is a much better valuation as it disaggregates, and then weights, the contributions of the 3 operating divisions to the composite valuation, all of which have different valuation multiples.
You can quibble about some of these parameter inputs, but cannot avoid the clear observation that, relative to its peers, DCM is grossly undervalued on its trailing 12 month financial metrics.
One thing to keep in mind is that if you're going to use EV to ebitda calculations then enterprise value should also include capital lease if the ebitda includes depreciation and interest expense of right of use assets.