Apple's most recent year Sales, EBIT, and Depreciation Expenses were $600 million, $100 million, and $25 million respectively. Its market value of debt is $400 million and there are 10 million shares outstanding. The Industry Enterprise Value/EBITDA multiple is 10. What is the estimated stock price of Apple on the basis of the Enterprise Value/EBITDA comparable valuation method?

Answer rating: 100% (QA)

For the given information EBITDA EBIT Depreciation 125 million EV ... View the full answer