RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NoShort - The Bottomless fool, The Tree Planter....Just for fun, let's take your numbers and run with them
$70 million EBITDA times 10 EV/EBITDA multiple = $700mn
Equity value = $700mn - $300mn of net debt = $400mn
Value per share = $400mn equity value / 228mn shares outstanding = $1.75 per share
It actually sounds like you agree with my numbers....
Noshortsallowed wrote: And their last quarterly EBITDA was 27.5 million or $110 million on an annualized basis. Even if you discount that down to $70 or so million (on the more speculative and unsupported bearish case for your breakdown with respect to minority shareholder discounting) a 10:1 multiple for that EBITDA flow which is a commonly referred to healthy and lower end multiple suggests deserves $700 million market cap on the low end.