RE:RE:These guys are asleep.SHARE BUYBACK p.s. even if ebitda is used as profitabilty measure, if mgmt is still using price/ebitda as valuation multiple it is wrong now that there is debt o/s. They need to use EV/ebitda to get true valuation.
| | With debt | Ignore debt |
| Shs | 42,000,000 | 42,000,000 |
| Sh price | 4.25 | 4.25 |
| Mkt cap | 178,500,000 | 178,500,000 |
| Debt | 65,000,000 | - |
| Ent. Value | 243,500,000 | - |
| Ebitda | 61,000,000 | 61,000,000 |
| Ev/ebitda | 3.99 | |
| Mkt cap/ ebitda | | 2.93 |