4)	Market multiple analysis
	Hackworth Co. is a privately owned firm with few investors. Investors forecast their earnings per share (EPS) to reach $5 this coming year. The average price-to-earnings (P/E) ratio for similar companies in the S&P 500 is 15.
	What will be the estimated intrinsic value of the Hackworth Co.s stock?
	EPS x Industry Average P/E Multiple
	Suppose you have the information given in the following table for Company X.
		Year 1	Year 2
	EBITDA	$7,560	$9,150
	Total value of equity	$76,500	$82,500
	Total firm value	$99,540	$132,000
	What is value of the entity multiple of Company X in Year 1?
	Total Value of the Firm / EBITDA