Toto Inc. is a private firm that produces industrial laser equipment. It has expected EBIT of $12,5 million this year.The company currently has 17,0 million shares, $13,0 million cash, and no debt.It also has a plan to issue 67,5 million shares.
Calculate the share price of Toto Inc. based on the average EBIT multiple of similar companies:

	Ray Products Corp	Byce-Frasier,Inc	Fire Industries
Market value of equity	280	250	130
value of debt	45	50	15
cash	4	16	9
EBIT	16	17	7

Answer rating: 100% (QA)

To calculate the share price of Toto Inc based on the average EBIT multiple of similar companies you ... View the full answer