Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. A company expects EPS to be $7.47 next year. The industry average P/E ratio is 19.51 and Enterprise multiple is 9.61. The EBITDA for

13. A company expects EPS to be $7.47 next year. The industry average P/E ratio is 19.51 and Enterprise multiple is 9.61. The EBITDA for the company is $33.28 million. What is an estimate of the stock price using the method of comparables for P/E multiples? Round your answer to two (2) decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Of Capital Applications And Examples

Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey

5th Edition

1118555805, 9781118555804

More Books

Students also viewed these Finance questions