RE:RE:RE:RE:RE:RE:RE:What is ironicConduent withdrew the strategic review on its ITS business.
The ETC acquisition was based on forward EBITDA - that is 2022. It was in line to meet the numbers in the announced acquisition before inflation raised its ugly head. Revenue will be above target; it's still too early to conclude that inflation pressure on margins will wipe out EBITDA to the extent your post states (almost as fact).
To get to 30x -50x, EBITDA would need to be between $3M and $5M for F22. Q1/22 gross profit on the ITS segment was ~$10M. I don't see sufficient evidence yet to draw the conclusion that you have vg.