another fair value calculationI pulled another analyst report for GD/Gulfstream in an effort to open another window in trying to find a fair value for BBD.
They give a 18.9x multiple on 2025 FCF. I am going to say FCF for BBD is $1 Billion x 18.9 /98M shares = ~$193USD = $264.40 CDN/share.
I fully recognize GD has other military divisions but its near impossible to derive FCF just for Gulfstream as previously discussed.