The mean multiple for the 2021 operating profits of comparable peers is 10, and the mean 2021
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The mean multiple for the 2021 operating profits of comparable peers is 10, and the mean 2021 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 2020 100 2021e operating profits 60 2021e net profits 32 AppendixLO1
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781119841623
6th Edition
Authors: Pascal Quiry, Yann Le Fur, Pierre Vernimmen
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