=3/The mean multiple for the 2014 operating profits of comparable peers is 10, and the mean 2011
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=3/The mean multiple for the 2014 operating profits of comparable peers is 10, and the mean 2011 P/E is 15. Calculate the equity value of Pixi Spa. Key figures for the company are set out below.
Millions of €
Net debt at 31 December 2013 100 2011e operating profits 60 2011e net profits 32
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Related Book For
Corporate Finance Theory And Practice
ISBN: 9781118849330
4th Edition
Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi
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