A B D E The first table presents multiples for 5 peers of Firm X and the second table presents information for Firm X. Use approaches that are consistent with the approach covered in class. 1 2 EV/Revenue 2.11 1.46 EV/EBITDA 6.45 10.98 7.26 12.82 9.11 EV/EBIT 15.32 -13.69 8.76 8.33 10.23 P/E 20.76 14.62 6.14 17.67 12.86 P/B 8.32 3.82 4.21 -3.13 4.48 0.92 1.73 0.78 3 Peer 4 Firm A 5 Firm B 6 Firm C 7 Firm D 8 Firm E 9 10 11 Information for Firm X 12 Revenue 13 Cost of goods sold 14 SG&A and other indirect expenses 15 EBITDA 16 Net income 17 Current assets 18 Long-term assets 19 Current liabilities 20 Long-term liabilities 21 Debt 22 Cash 23 Net debt 24 Note: shares outstanding 25 Amount 6,300,000 2,300,000 2,600,000 1,500,000 500,000 600,000 2,300,000 400,000 900,000 500,000 100,000 400,000 80,000 26 27 EV/EBITDA EV/EBIT EV/Revenue P/E P/B 28 29 30 31 32 Fill in the following table. 33 What is the estimated share price of Firm X based on the average of relevant 34 peer multiples? What is the estimated share price of Firm X based on the median of relevant 35 peer multiples? A B D E The first table presents multiples for 5 peers of Firm X and the second table presents information for Firm X. Use approaches that are consistent with the approach covered in class. 1 2 EV/Revenue 2.11 1.46 EV/EBITDA 6.45 10.98 7.26 12.82 9.11 EV/EBIT 15.32 -13.69 8.76 8.33 10.23 P/E 20.76 14.62 6.14 17.67 12.86 P/B 8.32 3.82 4.21 -3.13 4.48 0.92 1.73 0.78 3 Peer 4 Firm A 5 Firm B 6 Firm C 7 Firm D 8 Firm E 9 10 11 Information for Firm X 12 Revenue 13 Cost of goods sold 14 SG&A and other indirect expenses 15 EBITDA 16 Net income 17 Current assets 18 Long-term assets 19 Current liabilities 20 Long-term liabilities 21 Debt 22 Cash 23 Net debt 24 Note: shares outstanding 25 Amount 6,300,000 2,300,000 2,600,000 1,500,000 500,000 600,000 2,300,000 400,000 900,000 500,000 100,000 400,000 80,000 26 27 EV/EBITDA EV/EBIT EV/Revenue P/E P/B 28 29 30 31 32 Fill in the following table. 33 What is the estimated share price of Firm X based on the average of relevant 34 peer multiples? What is the estimated share price of Firm X based on the median of relevant 35 peer multiples