All the data you need is in the template provided to you. 1. JTM Airlines is looking to buy Jaguar Airlines. Your boss, the CFO, wants a quick and dirty valuation of Jaguar. You choose to look at past transactions in the airline industry to get some numbers and put them in an Excel spreadsheet. For Jaguar, you find out the firm's key financial values and put them in the spreadsheet. To remind yourself that they are inputs, you should color them red. Using EPS, Book Value (BV), Sales, EBITDA, Premium and Synergy over stock price, what should be Jaguar's prices per share? Equity Valuations using Multiples and Transactions EPS BV Sales EBITDA Premium Synergy Historical Multiples: - Average 14.00 3.00 2.00 10.00 40.0% 20.0% - Median 13.50 2.50 2.20 9.00 30.0% 15.0% Jaguar shares o/s (M) 75.00 EPS Last 4Q Est.2021 Est. 2022 Jaguar EPS 4.84 4.91 5.69 Maximum Minimum Book Value Jaguar Book Value 32.46 Maximum Minimum Sales Jaguar Sales (Last 40) 3,722 Average Sales Multiple Firm Value Debt Value 2.094 Equity Value Maximum Minimum EBITDA Jaguar EBITDA (Last 4Q) Average EBITDA Multiple Firm Value Debt Value Equity Value Maximum Minimum Premium Pre-Announcement Stock Price Maximum Minimum Synergy Pre-Announcement Stock Price Maximum Minimum 1,017 2,094 8.076 71.00 71.00 All the data you need is in the template provided to you. 1. JTM Airlines is looking to buy Jaguar Airlines. Your boss, the CFO, wants a quick and dirty valuation of Jaguar. You choose to look at past transactions in the airline industry to get some numbers and put them in an Excel spreadsheet. For Jaguar, you find out the firm's key financial values and put them in the spreadsheet. To remind yourself that they are inputs, you should color them red. Using EPS, Book Value (BV), Sales, EBITDA, Premium and Synergy over stock price, what should be Jaguar's prices per share? Equity Valuations using Multiples and Transactions EPS BV Sales EBITDA Premium Synergy Historical Multiples: - Average 14.00 3.00 2.00 10.00 40.0% 20.0% - Median 13.50 2.50 2.20 9.00 30.0% 15.0% Jaguar shares o/s (M) 75.00 EPS Last 4Q Est.2021 Est. 2022 Jaguar EPS 4.84 4.91 5.69 Maximum Minimum Book Value Jaguar Book Value 32.46 Maximum Minimum Sales Jaguar Sales (Last 40) 3,722 Average Sales Multiple Firm Value Debt Value 2.094 Equity Value Maximum Minimum EBITDA Jaguar EBITDA (Last 4Q) Average EBITDA Multiple Firm Value Debt Value Equity Value Maximum Minimum Premium Pre-Announcement Stock Price Maximum Minimum Synergy Pre-Announcement Stock Price Maximum Minimum 1,017 2,094 8.076 71.00 71.00