Fairview, Inc., is an ocean transport company with EBITDA of $50 million, cash of $20 million, debt
Question:
Fairview, Inc., is an ocean transport company with EBITDA of $50 million, cash of $20 million, debt of
$100 million, and 10 million shares outstanding. The ocean transport industry as a whole has an average EV/EBITDA ratio of 8.5. What is one estimate of Fairview’s enterprise value? What is a corresponding estimate of its stock price?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Question Posted: