nozzpack wrote: Lets look at Bezostothemoon a bit further.
Its provenance is from Kellam's short video, within which is provided Trailing valuations for each of DCM's 3 divisions.........
https://www.youtube.com/watch?v=DymO4Ec3w28&t=1s
These divisions and their valuations..directly from Bezos post....based on trailing Ebitda and EV mutiples which I accept at will.
So we have..
Conventional Print.................................$2.80 per share
DCM Flex...............................................$5.00 per share
ASMBL ( DAM ).....................................$3.75 per share
One further step is needed and that is to weight those by their current contributory revenues which are 65% for Print, 32 % for FLEX and 3% for DAM.
Applying these weighting factors, we can now assemble the disaggregated divisional valuations as follows..
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.