The tableshows the Market Capitalization, Enterprise Value and multiples for a number of firms in the newspaper
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Question:
The tableshows the Market Capitalization, Enterprise Value and multiples for a number of firms in the newspaper publishing industry.Another newspaper publishing firm (not shown) had sales of $24 million, EBITDA of $13 million, excess cash of $4 million, $10 million of debt and 1.2 million shares outstanding.If the average Enterprise Value to Sales for comparable business is used, what is the best estimate of the firm's share price?
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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